Adipic Acid Market Moved up This Week (Aug 25-31, 2017)
Review:
The Chinese adipic acid market moved up this week. In this week, Sinopec raised benzene prices again by RMB 200/mt, which stimulated the market sentiments. Then, adipic acid producers raised the posted prices of adipic acid. The mainstream negotiation prices for adipic acid in East China were around RMB 9,343/mt, which was up 1.55% from last week.
Forecast:
The benzene market will remain firm next week. And adipic acid producers are bullish about the market and the downstream demand for adipic acid will be followed in time. It is predicted that the adipic acid market will be firm next week.
source: http://info.echemi.com/en-price/8038.html
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