Adipic acid market trend chart
1、 Price trend
According to the data of the business club’s bulk list, from April 20 to 26, last week, the domestic adipic acid market was weak and stable, with little change in price compared with last week. According to the data monitored by the business club, the weekly decline of adipic acid in East China was 1.20%, the market demand was weak, and the supply pressure was still there. Some dealers’ quotations rose and fell within 100 yuan. Most manufacturers were still short of the market and light of inventory operation According to the monitoring of the business agency, the current quotation range of adipic acid market is 6500-6700 yuan / ton.
2、 Market analysis
In terms of market supply, at present, the contradiction between supply and demand in the market is still relatively prominent, and the supply pressure is also becoming more and more severe. The main reason is that the manufacturers still maintain a high rate of start-up. Although most dealers have returned to normal shipment, they still haven’t reached the level of shipment before the epidemic, which leads to the gradual increase of inventory pressure of manufacturers. It is more and more urgent for enterprises and market to de stock. In terms of cost, although pure benzene has rebounded significantly from the beginning of April to now, it has not brought fundamental benefits to adipic acid. On the one hand, the delay of cost transfer, on the other hand, the early pure benzene has dropped sharply, and the decline of adipic acid has not fully kept up with the decline of pure benzene, so there is still some profit space for adipic acid without rebounding, so adipic acid is also higher Pure benzene is more resistant to falling.
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From the perspective of terminal demand, the operating rate of downstream factories has not been significantly improved, and plastic products are still in the off-season of consumption, which is difficult to boost the market. In particular, the operating rate of downstream real estate is generally lower than that of the same period last year, and the sales volume of polyurethane and other thermal insulation materials has declined significantly. In addition, the downstream products such as PA66 have not come out of the dilemma, and the price is still at a low level, which eventually leads to the outflow of adipic acid The goods situation is not ideal, the inventory is difficult to digest, the manufacturer has a lot of inventory pressure, the dealers generally follow the market, and purchase on demand. In addition, in addition to the weak domestic demand, the external demand has also worsened, especially affected by the overseas epidemic, the external demand has decreased, and the pressure on adipic acid export has continued to increase, which does not rule out the possibility that the inventory will continue to rise in the later period.
3、 Future forecast
In the later stage, the business association predicted that the whole chemical industry market was impacted by the background of low oil price, and the market confidence was generally weak. Although the price of pure benzene rebounded, it was still at a relatively low level in history. The upstream bad position was still an important factor restricting the adipic acid market, but more importantly, it was affected by the weak market demand, especially the overseas epidemic situation was not effectively controlled, and foreign orders were sharply shrinking, Adipic acid export has been hit. Considering comprehensively, adipic acid should maintain a downturn in the near future.
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