Near the weekend, the domestic adipic acid market is mainly stable, has experienced the early rise market, now stop rising and stabilize. The price of adipic acid this week was basically the same as last week, and the price of dealers in some areas rose tentatively, but there were few high price transactions, and most dealers quoted rationally. At the end of the month, domestic manufacturers settled accounts one after another, and the normal operation rate of the plant was maintained, about 80-90%. The inventory pressure of manufacturers was general. In the later stage of the market, the stock may gradually accumulate, the downstream demand is general, and the dealers’ delivery is generally lower than the level in the first ten days of March. It is expected that high price support may be unsustainable, and the cost side: pure benzene has continued to decline since its peak in March, with a decline of more than 6% so far in March. The upstream cost support has weakened, and it can not be ruled out that it will be transmitted to adipic acid later.

In terms of local markets:

The adipic acid Market in East China is stable, with some enterprises over reporting to around 12000 yuan / ton. Generally speaking, there is room for profit. The on-site inquiry is normal, and the high price transaction is mostly on the lookout. At present, the market quotation is uneven, the manufacturer’s inventory pressure is general, the shipment is normal, and some dealers are reluctant to sell. Today’s market mainstream prices are: acceptance prices of 11200-11500 yuan / ton in Shandong and 11400-11700 yuan / ton in Jiangsu. Most of the downstream products are purchased from rigid demand, and the demand has stabilized. The market price is expected to be high in the near future, so it is unlikely to continue to rise.

The price of adipic acid in South China remains at a high level. At present, the price of adipic acid is mainly stabilized, and the dealer’s offer is still high. At present, the price of adipic acid in South China is more than 11500 yuan / ton, and some of them are about 12000 yuan / ton. At present, the market quotation is chaotic, with few high price transactions and general inventory pressure of manufacturers, which gradually transfers to dealers’ inventory. Today’s market mainstream prices are 11300-11800 yuan / ton acceptance price of Shandong source, 11500-12000 yuan / ton acceptance price of Jiangsu source, and most of the downstream products are purchased from rigid demand.

In the future, from the perspective of adipic acid fundamentals, the market supply pressure may rise in the later stage, mainly due to the increase of shipping pressure of enterprises, the slowdown of downstream procurement, and the high price may lead to the accumulation of storage. It is not expected that adipic acid will continue to rise, so the possibility of price falling is not ruled out.