On June 22, at the beginning of the week, the domestic adipic acid price was stable. The manufacturer’s quotation is temporarily stable, the unit maintains normal operation rate, and the inventory pressure is obvious. The market is in a state of oversupply, the downstream demand is weak, and the off-season effect is still there. At the cost end, pure benzene has dropped from a high level since last week, with a weekly decline of 1.62%, and the fundamentals are generally negative.

In terms of local markets:

The market of adipic acid in East China is stable, and the price has not changed much compared with that of last weekend, and there is little change in market inquiry. Downstream demand is still relatively weak, adipic acid price is still relatively low in history, and most dealers’ quotations go with the market. Today, the mainstream market prices are: acceptance price of Shandong source 6700-6800 yuan / ton, acceptance price of Jiangsu source 6800-6900 yuan / ton, and most downstream purchases are based on rigid demand.

The adipic acid Market in South China is also stable, with little change in price compared with the previous weekend. Most dealers reported stable market atmosphere. Dealers quoted prices on the market, and the transaction was general. Today’s mainstream market prices are: Shandong’s 6700-6800 yuan / ton acceptance price, Jiangsu’s 6800-6900 yuan / ton acceptance price, and most of the downstream purchases are just needed.

This week, adipic acid, suffering from supply pressure and weak demand, may remain weak. Prices are weak, not excluding the possibility of a small decline in prices.