October 19, the beginning of the week, the domestic adipic acid market stable operation, part of the distributor quotation slightly up and down. The quotation of domestic manufacturers is mainly stable, the normal operating rate of the device is about 80%, and the inventory pressure of manufacturers is maintained at a high level. The market is in a state of oversupply, and the downstream demand is relatively weak. At present, adipic acid is still at the off-season level. At the cost end: since October, pure benzene has continued to adjust and rebounded after falling, but on the whole, it has still fallen by 0.59% so far. The upstream cost is negative, and the support for the downstream adipic acid is insufficient. In addition, the rigid demand of terminal is stable, and the demand growth is not as expected.

In terms of local markets:

At the beginning of the week, the market of adipic acid in East China continued to be stable, and the dealer’s quotation was mainly adjusted slightly, with the overall range within 100 yuan, and the market inquiry was general. The downstream demand is low. Most dealers follow the market and make profits to ship goods. The manufacturers’ inventory pressure is general and the transaction is cold. The mainstream prices in today’s market are: Shandong source 6400-6600 yuan / T acceptance price, Jiangsu source acceptance price is 6500-6800 yuan / T, and the downstream is mainly rigid demand procurement.

At the beginning of the week, the market situation of adipic acid in South China continued to be stable, with little change in the quotation compared with the previous weekend. The dealers gave priority to the shipment, and the manufacturer’s inventory pressure was general, and the transaction was fair. The mainstream market prices today are: 6500-6800 yuan / T acceptance price of Shandong source, 6600-6900 yuan / T of Jiangsu source, and rigid demand procurement is the main downstream.

From the perspective of adipic acid fundamentals this week, the contradiction between supply and demand is still troubling the whole industry. At present, the price rise and fall are mostly affected by local supply. Overall, the market is still weak and stable, trapped by supply pressure and weak demand, which may still maintain a weak situation. Price rise and fall powerless, do not rule out the possibility that prices continue to fall.