The supply side of adipic acid has become slightly tighter during the course of the week, and this has provided a clear basis for the price increase. The feedstock markets have become slightly stronger—with a x.xx rise in the price of cyclohexanone and a x.xx rise in the price of benzene. These increases were duly passed on to the market, and the Adipic acid prices moved upward without any resistance, confirming the cost push effect as the major driver of the x.xx increase.
In addition, Adipic acid supply availability also decreased slightly due to planned maintenance at Ordos Shenma Jianyuan Chemical, which reduced supply at a time when demand was starting to increase. Logistics conditions also improved—with Qingdao port’s average waiting time stabilizing at x.xx days—although there were still issues at QQCT. The issues were not significant enough to impact...
