1、 Price trend
In August, the domestic adipic acid market continued to decline. According to the Commodity Market Analysis System of Shengyi Society, as of August 31, the monthly decline in adipic acid was 3.68%, and the market trading center is still shifting downwards. At present, the market price range for adipic acid is between 8350-9700 yuan/ton, a decrease of about 400 yuan from the beginning of the month. The main reason is the lack of cost support.
2、 Market analysis
Cost aspect:
According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene has slightly increased this month, with a growth rate of 2.07%. Compared to July 1st, it has fallen by 7.57%, experiencing the previous downward trend. This month, the pure benzene market has begun to rebound slightly. The price of cyclohexanone closed down, with a decrease of 2.31% this month. Overall, there are negative factors on the cost side.
Supply side:
From the perspective of market supply, in terms of equipment, the operating rate of adipic acid this month is around 6.1 floors, and maintenance units are starting to operate one after another this month. There is sufficient supply of goods on site, and some manufacturers are in a state of stockpiling. The middle and lower reaches are in a wait-and-see state and cautious in entering the market.
Adipic acid downstream is still showing weakness. The caprolactam and TPU industries are still performing poorly. Downstream factories are cautious in their procurement, with no improvement in orders, ensuring normal start-up needs. Taking caprolactam as an example, according to the monitoring of Shengyi Society, the rise and fall of caprolactam this month was 0.55%, and the market was hovering at the bottom. At the end of the month, the market price of caprolactam in Zhejiang region was around 12500-14100 yuan/ton. At present, the focus of transactions in the adipic acid market is weakening.
3、 Future forecast
Analysts from Shengyi Society believe that in terms of cost, the overall trend of crude oil in August was mainly volatile. The geopolitical situation in the Middle East has affected the trend of the crude oil market, and the tense situation has boosted confidence in the crude oil market. The pure benzene market is rising, and the cost aspect may experience a bullish shift from bearish to bullish in the later stage. It is expected that adipic acid will fluctuate and rise within the range in September.
| http://www.thiourea.net |