According to the commodity analysis system of Shengyi Society, in December, the raw material market weakened, demand was weak, and the domestic adipic acid market fluctuated and fell. On December 1st, the average market price of adipic acid was 8300 yuan/ton, and on December 31st, the average market price of adipic acid was 8100 yuan/ton, a decrease of 2.41%.

Negative led to a volatile decline in the adipic acid market in December

At the beginning of December, the domestic adipic acid market continued to rise. Mainly due to the rising prices of upstream raw materials such as pure benzene and cyclohexanone, the cost has increased, and the demand for purchasing adipic acid from end-users has increased. With the strong bullish sentiment of adipic acid manufacturers and multiple bullish factors supporting it, the adipic acid market continues to rise, with prices rising. The mainstream market price is 8500-8600 yuan/ton, and the market is recovering.

In mid month, the domestic adipic acid market continued to decline weakly. Mainly due to the weakening of upstream raw materials such as pure benzene and cyclohexanone, limited support for cost increases, and weak demand for adipic acid procurement from end-users. In addition to the oversupply in the adipic acid market and the combination of multiple negative factors, the adipic acid market continues to decline weakly, with the mainstream market price ranging from 8100-8400 yuan/ton, indicating a weak market trend.

At the end of the month, the domestic adipic acid market continued to weaken. The main reason is that the upstream raw material pure benzene and cyclohexanone have poor market conditions, with limited cost boosting effect, and the terminal demand for adipic acid procurement is average. Due to the ongoing supply pressure in the adipic acid market and the dominance of negative factors, the adipic acid market continues to weaken, with mainstream market prices ranging from 8100-8200 yuan/ton, indicating a weak and stable trend.

The adipic acid analyst from Shengyi Society believes that the raw material market is weakening and the terminal demand is not good, so the adipic acid market will continue to weaken in January.