April 20th — According to data monitoring, on April 20th, the price of adipic acid from Hualu Hengsheng decreased, with the ex-factory price at 9,900 yuan per ton, down by 200 yuan per ton. The market for adipic acid continues to decline. Chempricehub's analysis of adipic acid gives a long-short score of -1. Based on the monitoring, on April 20th, the ex-factory price of Hualu Hengsheng's adipic acid dropped by 200 yuan per ton to 9,900 yuan per ton, a decrease of approximately 2%. The ongoing decline in the market reflects an oversupply or weak demand in the spot market, along with increasing inventory pressure. This reinforces the downward price trend, exerting significant bearish pressure on spot prices, resulting in a score of -1.0 (generally bearish).
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