After the festival, the adipic acid market continued to rise. According to the monitoring of business society, adipic acid in East China rose by 11.79% or about 1000 yuan from February 18 to 24. At present, the mainstream market quotation has reached about 9500 yuan / ton. The surge of cost and the improvement of supply and demand have promoted the rise of the current market.

After the festival, crude oil prices continued to soar, and so far have reached the highest point in one year. Driven by this favorable situation, the downstream chemical industry developed at many points, and the rising trend was very good. In particular, the downward industrial chain of pure benzene increased significantly. As the raw material of adipic acid, pure benzene increased by nearly 20% after the festival. The surge in cost has led to the concentration of adipic acid plants.

Pure benzene market trend chart

On the supply side, the operating rate of adipic acid enterprises remained at a normal level, and the shipment situation was also driven by the centralized procurement of dealers after the festival, which was better than that before the festival. According to the business news agency, some dealers in East China are reluctant to sell. They are expected to be bullish. There is also some water under the market speculation.

PA66 market trend chart

The demand side improved slightly compared with that before the festival. On the one hand, the downstream procurement increased. With the coming of downstream manufacturers’ return to work, the operating rates of polyurethane, PA66 and other fields increased. From the perspective of downstream product prices, it can also explain the problem. After the festival (February 18-24), PA66 increased by 15.38%.

According to the business community, the current round of adipic acid rising market has opened up. At present, the market still has no clear signal to stop rising. The cost side may continue to rise. Driven by the market of large-scale resumption of work after the festival in the downstream, adipic acid still has room to continue to rise.