due to the impact of the lower-than-expected general environment, the operating revenue of almost all industries is relatively sluggish this year. the domestic adipic acid market rose first and then fell in the past october. after the national day in early october, crude oil rose sharply, which drove up the price of pure benzene market. driven by cost support, aa manufacturers raised their listed quotations, and the market center of gravity gradually rose. the nstream procurement atmosphere of aa is acceptable, but the overall support of the demand side is average, and the market transaction volume is really limited. in the middle of the month, due to the impact of the reduction of pure benzene and the lack of nstream follow-up in the early stage, some suppliers shipped at low prices with a profit-making attitude, and nstream bargained and negotiated. the aa market continued to decline under the impact of this. as the end of the month draws near, most of the market took a wait-and-see attitude, waiting for the announcement of this month's settlement price. as of october 31, the mainstream price in the east china market refers to 10200-10500 yuan / ton, and the acceptance is delivered. this month, the average price of aa in the east china market is 10,594 yuan/ton, a month-on-month increase of 12.73%.
the settlement situation is as follows: october settlement: liaohua 11400, huafeng, zhonghao, haili 11300; november listing: liaohua, shenma 12600→(later adjusted to) 12100; huafeng, zhonghao, haili, tianli, 12500→12000 (unit: yuan/ton)
since the beginning of november, xinyue manufacturers have continued to be listed at a high level, and their attitude towards the market is clear. causing the market's center of gravity to drop. some factories lowered their quotations by 500 yuan/ton. facing the weak market, the nstream price bargained and followed up, and the manufacturers actually negotiated for profit. as of november 7, the mainstream price in the east china market refers to 9,900-10,200 yuan/ton, and the acceptance is delivered.
as a market analyst, the author not only provides objective and fair information and data, but also provides responsibility for enterprises in the entire adipic acid industry chain. one worry, i only hope that entrepreneurs in the industry can make proper decisions based on the market. taking a step back and looking at the market as a whole, marx expounded in detail the relationship between market price fluctuations and market value, supply, and demand in chapter 10 of the third volume of his "das kapital". the author briefly expands on the "market value" - the market price will change with various factors, but it will always follow a value center line, which is the "market value". its theoretical foundation can be traced back to adam smith and david ricardo's "labor theory of value". if this is the premise, the price fluctuation of adipic acid must be limited and will not deviate from the value center line for a long time. this paragraph is an introduction for those who deeply analyze the market.
as of press time, we will look at the trend in the middle and late november. it is estimated that the follow-up support of pure benzene at the raw material end is not strong enough, and there is still some time to wait and see in the market at the beginning of the month. in the author's humble opinion, it is expected that the adipic acid spot market will be temporarily stabilized in the future, and will transition to the next fluctuation. however, the market outlook will eventually have to wait for the supply and demand game and nstream follow-up.
who says that autumn is not as good as spring, and the winter moon will renew itself.
