Chinese Adipic Acid Market Moved Weakly This Week (Mar 2-8, 2018)
Market Review: The Chinese adipic acid market moved weakly this week. The supply increased slightly from previous days. Middlemen sold goods actively. Some players’ sentiments became weak and the mainstream dealing prices moved down. The downstream demand remained stable. The average negotiation price for small amount orders was RMB 13,414/mt, down 1.11% week on week.
Forecast: Oil prices will continue to move marginally next week. Benzene market will be weak. As for the supply, it will increase slightly next week. And the demand for adipic acid will inch down. On the whole, it is predicted that the Chinese adipic acid market will move marginally in the short term.
Disclaimer: Echemi reserves the right of final explanation and revision for all the information.