Adipic acid market slightly lower, maybe maintain weak in the near future (9.9-13)

Price Trend

 

According to the data of business associations’list, the domestic adipic acid market last week (9.9-13) was slightly lower than last week. Dealers’ quotations declined mainly. Market prices fell by 100 yuan/ton, the percentage of decline was 0.87%. By the end of the weekend, the quotation is generally between 8200 and 8450 yuan/ton.

Thiourea dioxide

II. Analytical Review

Last week, adipic acid market slightly declined, the market has been continuing the weak market in August, the market in early September is still no improvement. Last week, some distributors downgraded their quotations by about 100-200 yuan/ton. The market in eastern and southern China has declined, the market atmosphere is slightly cool, distributors actively shipped mainly, market protection. Holding a weak oscillation pattern, the downstream market is now more wait-and-see mentality, trading is slightly deadlocked, and there is room for business to concede profits.

Thiourea

On the supply side, the market supply is slightly oversupply, and many distributors say that the inventory pressure is high, the plant start-up rate is high, the market inventory and manufacturer inventory have risen. Last week, distributors have been picking up goods one after another, so there are also relatively low-cost supply flooding the market, product inventory has a certain bargaining space, market price offer. The price difference between the actual transaction and the reserve price still exists. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most of the districts maintain a stable market.

In terms of demand, downstream demand is relatively weak. The traditional “Golden Nine” market has not arrived as scheduled this year. The downstream start-up rate is still slightly inadequate. The start-up rate is basically around 50%. Adipic acid in the upstream has not been effectively boosted. In terms of cost, the upstream pure benzene market is still weak, and the cost level lacks favorable support. The market has gradually returned to flat, and the market has entered the de-inventory cycle. According to the monitoring of business associations, the reference price of East China market is about 8200-8450 yuan/ton, while that of South China is about 8300-8500 yuan/ton.

3. Future Market Forecast

Analysts of adipic acid in the chemical branch of the business association believe that the current market is weak, the market shows a certain contradiction between supply and demand. At present, adipic acid is in excess supply and weak demand. Therefore, the Business Association believes that adipic acid market may continue to maintain a narrow adjustment pattern in the short term.

http://www.pivalicacid.com