August 27, approaching the weekend, domestic adipic acid prices run smoothly. The manufacturer’s quotation is stable for the time being. The normal operating rate of the device is about 80%. The inventory pressure is obvious. The market is in a state of oversupply, the downstream demand is weak, and the off-season effect is still in effect. On the cost side, pure benzene has fallen slightly since late August, with an amplitude of nearly 1%. After the upward market of pure benzene in late July, the current periodic correction is insufficient to support the downstream adipic acid.

In terms of local markets:

The market of adipic acid in East China is weak and stable, with a slight rise and fall in the market price with limited range and few market inquiries. The downstream demand is weak. Most dealers follow the market and make profits to ship goods. The manufacturers’ inventory pressure is general and the transaction is cold. The mainstream prices in the market today are: Shandong source 6400-6600 yuan / T acceptance price, Jiangsu source acceptance price is 6500-6700 yuan / T, and the downstream is mainly rigid demand procurement.

Compared with the beginning of the week, the market of adipic acid in South China has not changed much, the market trading is generally inactive, dealers generally give in profits to ship goods, manufacturers’ inventory pressure is still large, the transaction is general, the mainstream market prices today are: Shandong source 6500-6700 yuan / T acceptance price, Jiangsu source acceptance price 6600-6800 yuan / T, downstream mainly rigid demand procurement.

This week, adipic acid is suffering from supply pressure and weak demand, which may still maintain a weak market. Price rise and fall powerless, do not rule out the possibility that prices continue to fall.