On February 5th, adipic acid remained stable in the East China region, and today’s price remained relatively stable compared to the previous weekend. Dealers often report high levels of exploratory behavior. The price of raw material pure benzene has stabilized and rebounded, with increased cost support. At present, the pressure on supply and demand is average, and manufacturers are still in the process of reducing inventory. Downstream pre holiday stocking is still ongoing, and supply and demand remain stable. Today, the mainstream market prices are: 9700-9850 yuan/ton for Shandong sources and 9800-9900 yuan/ton for Jiangsu sources.
In the future market forecast, Business Society predicts that there will still be support for the cost side, and the supply and demand of adipic acid will remain stable before the holiday, with prices mainly maintaining a narrow adjustment.
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