Collection: Market Price & Insight

Market Price & Insight

Adipic acid industry chain intelligence on September 20

1. On September 20th, the adipic acid industry chain index was 81.51, a decrease of 0.06 points compared to the previous day. It has decreased by 31.37% from its highest point in the cycle, which was 118.77 on October 19, 2021. It has increased by 61.89% compared to its lowest point of 50.35 on January 27, 2016. (Note: The cycle refers to the present)

The industry chain index is a base index created to reflect the overall economic situation of the entire industry chain based on the commodity industry chain and the index of its various nodes.

2. On September 19th, international crude oil futures fell from their peak in the past 10 months and ended slightly lower. The settlement price of the main contract of US WTI crude oil futures was $91.20 per barrel, a decrease of $0.28 or 0.3%. The settlement price of the main contract of Brent crude oil futures was $94.34 per barrel, a decrease of $0.09. Previously, the extension of the production cut period by Saudi Arabia and Russia led to expectations of a tightening supply, causing oil prices to rise for three consecutive days. Profit-taking in the market led to selling pressure on oil prices. (Adipic acid details)
3. On September 20th, the adipic acid unit of HaiLi Petrochemical in Jiangsu was still under maintenance, causing a delay in operations. Currently, both production lines are stopped for maintenance. The adipic acid unit of HaiLi in Shandong has been shut down since September 6th, and the restart date is yet to be determined. (Adipic acid details)
4. On September 20th, the adipic acid unit of Tangshan Zhonghao underwent maintenance after the beginning of the month, and it is expected to resume operations in the middle of the month. The production capacity of the unit is 150,000 tons. (Adipic acid details)
5. On September 20th, one production line of the adipic acid unit of Sinopec Liaoyang Petrochemical underwent maintenance, while the other line remained in normal operation. The maintenance unit has a production capacity of 140,000 tons. (Adipic acid details)
6. On September 20th, some cyclohexanone manufacturers in Shandong region maintained stable prices. The adipic acid unit of LUXI Chemical (000830) has a production capacity of 400,000 tons, with one line of 300,000 tons undergoing maintenance and one line of 100,000 tons operating normally. The external quotation for cyclohexanone is 10,200 yuan per ton. (Cyclohexanone details)
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