According to the Commodity Market Analysis System of Shengyi Society, in January, the domestic adipic acid market continued to rise, with prices increasing by over 3%. On January 1st, the average price of adipic acid in the domestic market was 8100 yuan/ton. On January 22nd, the average price of adipic acid in the domestic market was 8366 yuan/ton, with a price increase of 3.29%.

Raw materials rise, adipic acid market continues to rise in January

After New Year’s Day, the demand for purchasing adipic acid from some terminals increased, and the raw material market stopped falling and stabilized. Supported by bullish factors, traders have raised the price of adipic acid one after another, and the adipic acid market has rebounded. The market transactions are still acceptable, and the volume of goods has increased. As of January 10th, the domestic market price of adipic acid has risen to around 8100 yuan/ton.

In mid month, the prices of raw materials pure benzene and cyclohexanone continued to rise, supported by costs. The domestic adipic acid market continued to rise, with prices exceeding 8300 yuan/ton, an increase of nearly 3% compared to the beginning of the month.

At the end of the month, as the Spring Festival approached, the market for adipic acid gradually stabilized and continued to operate at a high level, with an average market price of around 8300-8600 yuan/ton.

An analyst from Shengyi Society believes that after the Spring Festival, the supply of adipic acid will be loose, and the terminal demand will be average. The upward trend is difficult to sustain, and it may mainly lead to a weak downward trend.