According to the data of the business associations’list, the domestic adipic acid market rose by 3.26% on July 29. Most of the dealers’ quotations increased by 300 yuan per ton. Mainstream quotations in the market generally range from 8500 to 8700 yuan/ton. The quotations of distributors in North, East and South China have increased to some extent.
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In mid-July, adipic acid market generally warmed up. Since the market went down in June, the market has repeatedly risen under the influence of external forces such as upstream costs and price adjustments of large factories. Especially on the end of July 29, the settlement price of factories was generally higher, which passively raised the market quotation of distributors. But at present, the downstream market view Hope mentality is still heavy, purchasing behavior is biased towards rationality, and there is room for merchants to make profits. Social inventory still shows some pressure, and the shipment dynamics do not change much compared with the previous period.
On the supply side, the market still shows certain supply pressure, and many distributors say that the inventory pressure is high, the level of equipment maintenance is not high, the median level of inventory performance of manufacturers, distributors are getting goods one after another, and the current market inventory is constantly degraded. Therefore, although adipic acid market quotation has increased, but also There are many relatively low-priced goods in the market, and the overall supply pressure is still in the market, which leads to the strong willingness of distributors to let profits go of inventory, the price difference between market price offer and actual transaction, and the market quotation is relatively chaotic.
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In terms of demand, downstream demand is moderate. Although nylon 66 belongs to the peak season of market consumption, there is no phenomenon of centralized purchasing in the downstream this year, so the downstream start-up rate has not generally increased. The start-up rate is basically 5-60%. The upstream adipic acid has not formed a strong boost, so this market. The rebound basically depends on the upstream pure benzol, driven by the cost effect, which belongs to the passive follow-up. The market is still going out of stock cycle.
The analysts of adipic acid in the chemical branch of business association think that the price of adipic acid has rebounded at present, and the higher market quotation is affected by the rising settlement price at the end of the month of the manufacturer. The fundamentals have not changed much. At present, the supply and demand are basically in a balanced pattern. Therefore, the Business Association believes that the market of adipic acid may stabilize in the short term to eliminate the current increase.
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