SunSirs: On July 29 the adipic acid market in East China was weak and stable

On the 29th, the adipic acid market in East China was weak. Today, the market price stopped falling and stabilized. The price of pure benzene, a raw material, maintained a downward trend, and the cost support was insufficient. Manufacturers’ inventory pressure is obvious, and the listing price has been lowered before, which affects market confidence. In addition, on the supply and demand side, the market supply pressure increased, and dealers generally underestimated their offers and shipped them at a profit, but the market transactions were average. Downstream procurement is rational, and the demand is not yet heavy. The mainstream price in today’s market is: 9,500-9,700 yuan/ton for goods from Shandong, and 9,600-9,800 yuan/ton for goods from Jiangsu.

Note: The above prices are tax-included