February 9th News
According to data monitoring, on February 9th, the price of adipic acid from Hualu Hengsheng increased, with the ex-factory price reaching 8,400 yuan per ton, a rise of 100 yuan per ton. The market trend continues to climb, and transaction activity has improved.
Chempricehub Analysis of Adipic Acid
Bull-Bear Score: 1.5
The article reports that Hualu Hengsheng's ex-factory price for adipic acid has increased by 100 yuan per ton to 8,400 yuan per ton, representing a rise of approximately 1.2%. The market trend continues to strengthen, and transaction activity has improved, indicating strong market demand or tightening supply. This directly supports the upward movement of spot prices, with significant positive factors at play.
Score: 1.5 (Moderately Bullish)
Given the steady but not extreme price increase, combined with improved transaction activity, it is expected that spot prices will maintain an upward trend in the short term.