According to the data of the business club’s block list, the domestic adipic acid market went up this month. According to the monitoring, the sample obviously went up by 4.73%, and many regions showed a warming trend. Moreover, the quotations of most dealers are tentatively high, and the quotations of some dealers are falsely high in East China, South China and other regions, so there is room for speculation. According to the monitoring of business association, the quotation range of adipic acid market is 8300-8500 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers remained at a medium high level in January, about 80%. The market supply was relatively sufficient, and the manufacturers’ inventory pressure was acceptable. In general, the inventory pressure of manufacturers is not big, mainly due to a wave of price reduction from December last year to the first ten days of January this year. At present, the social inventory is more reasonable. Combined with the replenishment behavior in the downstream before the year, the supply side pressure is generally controllable, and the relatively tight supply environment is our own This is the main reason for the price rise.

Pure benzene market trend chart

In terms of cost, the upstream crude oil price continued to run at a high level, and the high oil price provided cost support for the downstream chemical industry. The business community monitored that the price of pure benzene in the upstream of adipic acid remained at a high level, which continued to rise this month, with a monthly increase of more than 5.49% as of January 29. The pressure of cost (as shown in the figure above) forced the adipic acid price to remain at a high level, but in the last week of January, the price of pure benzene remained at a high level Benzene prices stop rising and fall slightly, adipic acid may lose its cost advantage in the later stage, and the price may be under pressure.

PA66 market trend chart

In terms of downstream demand, the terminal performance is rigid and stable. Although polyurethane is affected by the general real estate operating rate this year, and the northern region is basically not affected by environmental protection and cold weather, the demand for thermal insulation materials is stable, and the procurement behavior of downstream stock before the Festival remains unchanged. In addition, as far as PA66 is concerned, the price of PA66 is still at an all-time high in January. So far, according to the data of business news agency, the price of PA66 has increased by 1.73% in January. The market has been running at a high level, and the strength has declined, and the growth rate has narrowed. It is expected that the market will have a smooth transition before the year, and rigid demand will still give adipic acid some support.

In the later stage, the business community believes that adipic acid is currently at a high level. Affected by the speculation of traders, there is a certain moisture in the market. In the later stage, the price may be subject to the suppression of demand without big action. At present, when the Spring Festival is approaching, the downstream operating rate may decline. At present, the cost of pure benzene also shows signs of peaking, and the downstream PA66 also has the risk of callback. It is expected that adipic acid will continue to rise in the near future Maintain a high level, continue to rush up the possibility is not big, after the festival does not rule out the possibility of falling back.