Analytical predictions of Asian adipic acid producers indicate that the price and profitability of adipic acid will start to pick up slowly after the Spring Festival in 2006, based on the fact that the demand for the polyurethane industry will start to strengthen at the beginning of next year, while nylon-6,6 pairs The demand for acid is still strong. In recent months, due to the sharp drop in the demand for polyurethanes in China, the price of adipic acid has dropped continuously since August, but last week, the spot price of adipic acid has begun to stabilize and shows signs of recovery.
At present, the price of adipic acid in the spot market is relatively stable. Last week, the price was 1170 to 1200 USD/ton (cost, freight, Northeast Asia). In early August, the price fell to the lowest point of the year at 1,165 U.S. dollars per ton, and the price fell by 335 U.S. dollars per ton in March. According to the analysis of manufacturers and traders, the main reason is the weak demand in China's polyurethane market, especially the weak demand for synthetic leather industry. The demand for the footwear industry has not shown the strong growth previously expected, and the cooling of the Chinese construction industry has led to coatings and paints, etc. Demand weakened.
However, the current contract price of the futures market continues to decline, and customers expect the spot market to continue to move steadily toward a steady state. The reason for the lower price of adipic acid is that the market price of pure benzene in Asia is still not clear. In July, Asian adipic acid producers had stated that prices will continue to stabilize and increase in August, usually in August. However, the performance of the market proves that this view is too optimistic because the polyurethane industry is resistant to the price increase of adipic acid.
The price of adipic acid continued to fall in the third and fourth quarters. By November, producers had to lower the contract price to US$1,200 to 1,270/ton (cost and freight, Asia), which was US$30 to US$40/ton lower than in October. However, producers and traders generally expressed optimism about the late adipic acid market trend, as the demand off-season is finally drawing to a close, and Chinese domestic prices have begun to rebound. In November, the ex-factory supply price was 11,700 yuan/ton, which was higher than that in October. 200 yuan/ton.
At present, the price of adipic acid in the spot market is relatively stable. Last week, the price was 1170 to 1200 USD/ton (cost, freight, Northeast Asia). In early August, the price fell to the lowest point of the year at 1,165 U.S. dollars per ton, and the price fell by 335 U.S. dollars per ton in March. According to the analysis of manufacturers and traders, the main reason is the weak demand in China's polyurethane market, especially the weak demand for synthetic leather industry. The demand for the footwear industry has not shown the strong growth previously expected, and the cooling of the Chinese construction industry has led to coatings and paints, etc. Demand weakened.
However, the current contract price of the futures market continues to decline, and customers expect the spot market to continue to move steadily toward a steady state. The reason for the lower price of adipic acid is that the market price of pure benzene in Asia is still not clear. In July, Asian adipic acid producers had stated that prices will continue to stabilize and increase in August, usually in August. However, the performance of the market proves that this view is too optimistic because the polyurethane industry is resistant to the price increase of adipic acid.
The price of adipic acid continued to fall in the third and fourth quarters. By November, producers had to lower the contract price to US$1,200 to 1,270/ton (cost and freight, Asia), which was US$30 to US$40/ton lower than in October. However, producers and traders generally expressed optimism about the late adipic acid market trend, as the demand off-season is finally drawing to a close, and Chinese domestic prices have begun to rebound. In November, the ex-factory supply price was 11,700 yuan/ton, which was higher than that in October. 200 yuan/ton.
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