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Key Takeaways

• Adipic acid prices in China rose at the end of August, reversing mid-month softness.
• Export demand from Southeast Asia gave early momentum to the market.
• Mid-month saw muted trading as domestic end-user demand remained sluggish.
• Feedstock benzene and cyclohexanone rose early in August, declined mid-month, then stabilized.
• Spot market remained quiet with cautious buying, but improved downstream demand lifted Adipic acid sentiment late in the month.

Demand-Side Developments

Adipic acid&#**;s market experienced uneven demand conditions in August. At the initial phase, export demand helped Adipic acid prices, as regional buyers in Southeast Asia maintained orders, giving Chinese producers temporary momentum. Optimism for domestic buyers, however, diminished toward the latter part of the month. End-use sectors were gun-shy and made buys, primarily at functional needs, making market action low-key in the mid-term. Into the later weeks of August, the atmosphere relaxed with...