Adipic acid market trend chart

According to the data of the business club’s large list, on the 24th, the domestic adipic acid market was still weak. Compared with last week, it did not improve. The price did not change much. There were not many dealers in the market. Many dealers were subject to transportation difficulties, the inventory was difficult to digest, and many places were delayed to return to work. The current manufacturer’s operating rate remained stable, slightly higher than last week, and the manufacturer’s inventory pressure was on the rise 。 Today, I learned from some dealers that most dealers did not return to work, especially small and medium-sized traders, which was not ideal. The market shows whether there is a price or not, and the price is mostly the same as last week. Many dealers do not offer prices temporarily, and some prices are slightly loose, ranging from 100 yuan / ton up to down. The price reference is 8000-8200 yuan / ton. There are many large factories returning to work, but the operating rate is still not up to the level before the festival. The dealers’ inventory is mostly pre Festival reserve. At the beginning of the week, the dealers’ procurement is rational, most of them are only out of the market, and the social inventory has a downward trend compared with the manufacturers’ inventory. In addition, the transportation obstruction energy is the biggest problem that puzzles the whole industry. Affected by the traffic control, the speed of goods transportation further slows down.

In the later stage, the business club predicted that with more dealers returning to work in large areas, the market demand for adipic acid is expected to recover in a phased manner, and the price is expected to rebound, but the strength of the increase needs to be further observed.