Adipic Acid Market Jumped by 15.27% in Sept. 2017
Review: The Chinese adipic acid market jumped first and then moved marginally in September 2017. Prices of benzene and hydrogenated benzene fluctuated marginally, which gave less support to the adipic acid market. As for supply, the 150kt/a unit in Jiangsu Haili Chemical underwent maintenance. And the operating rate in Shandong slid. As for the demand, the operating rate in the pulp industry was low influenced by the high prices of raw materials and the strict environmental protection supervision.
The mainstream negotiation price for adipic acid in East China was RMB 10,405/mt, which increased 15.27% month on month and jumped 39.81% year on year.
Forecast: It is predicted that the benzene market will move marginally next month. The supply of adipic acid will be tight. The demand from the pulp industry will continue to be weak. It is predicted that the adipic acid market will move marginally in October.
Disclaimer: Echemi reserves the right of final explanation and revision for all the information.