adipic acid Pricing Assessment

Markets Covered:

China

Korea

India

Taiwan

Singapore

Turkey

Egypt

Australia

Vietnam

Adipic Acid Price Trend, Analysis and Forecast

In Q1 2024, prices of adipic acid in China’s domestic market increased by approximately 3% compared to Q4 2023. This increase was attributed to several factors, including higher prices for raw materials, particularly cyclohexane, as well as logistics and transportation challenges. The bullish price trend is also witnessed from the major importing countries including Egypt, Turkey and Southeast Asian countries. This rise was majorly driven by a rise in freight charges and other transportation cost. Variations in demand from industries such as automotive and textiles also influenced price fluctuations. This fluctuation was observed in South Korea and other APAC regions due to changes in demand and supply.

In Q2 2024, adipic acid prices in China’s domestic market fluctuated around 1.5% compared to Q1 2024. This fluctuation was caused by disruption in the demand and supply of adipic acid in the automotive and textile industries. Similar fluctuations were also observed in various regions of the APAC market.

During Q3 2024, in August, the China domestic adipic acid market continued to decline. According to the reports, as of August 31, the monthly decline in adipic acid was 3.68%, and the market trading centre was still shifting downwards.

In Q4 2024, the price forecast for adipic acid shows potential stabilization or moderate increases, influenced by several key factors. Demand from industries like automotive, textiles, and packaging remains significant, but supply chain pressures and raw material costs (such as benzene and cyclohexane) will likely play a role in shaping price dynamics. In APAC Region, particularly China, prices may see slight fluctuations due to supply-demand imbalances and ongoing economic uncertainties.

There are also concerns about environmental regulations and the development of bio-based substitutes, which could further impact traditional adipic acid pricing. Adipic acid prices in Q4 2024 may increase slightly, they are expected to remain within manageable ranges unless significant disruptions occur in raw material availability or regulatory frameworks.

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is your trusted resource for tracking global adipic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the adipic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's adipic acid price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in adipic acid prices

2014-2015 – Overcapacity in China: Excess supply in both domestic and international markets drove prices downward. Many Chinese manufacturers faced challenges in maintaining profitability due to this oversupply issue, which caused a significant drop in adipic acid prices.

2016-2017 – Environmental Regulations: Compliance with these regulations led to increased production costs for Chinese manufacturers. Some factories were forced to shut down temporarily for upgrades, leading to supply shortages and an increase in prices during these years.

2018 – U.S.- China Trade War: Adipic acid prices in China fluctuated due to increased tariffs on exports to the U.S., which is one of the largest markets for Chinese adipic acid.

2020 – COVID-19 Pandemic: Adipic acid prices in China plummeted during the first half of 2020 due to reduced industrial activity and demand. However, prices recovered slightly by the end of the year as the Chinese economy bounced back faster than many other regions.

2021 – Raw Material Shortages and Energy Crises: The price of adipic acid in China increased sharply in 2021 due to higher production costs. The energy crisis in China, caused by power shortages and government-imposed energy consumption limits, further added to production challenges and price volatility.

2022 – Russia-Ukraine Conflict: As crude oil prices surged, the cost of benzene, a key raw material for adipic acid, increased, resulting in higher adipic acid prices in China.

2023 – Economic Slowdown and OPEC + Production Cuts: Adipic acid prices in China declined due to weaker demand from the textile and automotive industries, but rising raw material costs due to OPEC+ cuts placed upward pressure on production costs.

Shifting Global Supply Chains and Export Challenges: The increased competition, along with challenges in exporting to key markets like the U.S. and Europe due to trade tensions and economic downturns, has led to fluctuating prices and pressures on Chinese producers to maintain market share.

These factors combined have made the adipic acid market in China highly volatile over the past decade, with global events like the pandemic, trade wars, and energy crises playing crucial roles in shaping pricing trends.

Methodology and Specifications

adipic acid Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Adipic Acid production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Adipic Acid supply chain, from raw material availability (e.g., Benzene, Cyclohexane and Nitric acid) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Adipic Acid prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as Typhoon and floods, on Adipic Acid production facilities, particularly in vulnerable regions. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Adipic Acid demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Adipic Acid production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Adipic Acid production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Adipic Acid pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Adipic Acid prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Adipic Acid pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

146.14 g/mol

CAS No

124-04-9

HS Code

29171200

Molecular Formula

(CH2)4(COOH)2

adipic acid

Adipic Acid (C₆H₁₀O₄) is a key intermediate in the production of nylon, polyurethanes, and plasticizers. Primarily derived from Cyclohexane, its applications span textiles, automotive, and packaging industries. This white crystalline solid is soluble in water and alcohol, playing a crucial role in manufacturing flexible, durable materials.

Packaging Type

HDPE Bags

Grades Covered

>99.5% (Technical grade)

Incoterms Used

FOB China, FOB South Korea, CIF Kaohsiung (Taiwan), CIF Nhava Sheva (India), CIF Singapore, CIF Mersin (Turkey), CIF Alexandria (Egypt), CIF Melbourne (Australia), CIF Haiphong (Vietnam)

Synonym

Hexanedioic acid

Quotation Terms:

25-28 MT (Globally), 10-15MT (India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Purity (m/m)	>99.5% (Technical grade)
Appearance	White crystalline powder
Colour (Pt-co)	1.47
Melting Point (◦C)	$\geq$ 152.3
Water content (m/m)	0.09%
Nitric acid content (mg/kg)	1.21
Iron content (mg/kg)	0.18
Ash content (mg/kg)	2.5

Applications

Adipic acid is a key component in the production of nylon, polyurethanes, plastics, lubricants, and other polymers. It’s also used in the production of resins, adhesives, coatings, paper, plasticizers, and engineering plastics and mainly used in Automotive industries.

Disclaimer

Adipic Acid price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for adipic acid. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence Adipic Acid prices in the global market? +

The price of Adipic Acid is influenced by several key factors, including the cost of raw materials such as cyclohexane, which is derived from crude oil. Fluctuations in crude oil prices can have a significant impact on Adipic Acid pricing. Other factors include supply-demand imbalances, changes in production capacity, energy prices, and environmental regulations, especially as industries move towards more sustainable practices. Additionally, the economic performance of key industries such as automotive, textiles, and electronics, which use Adipic Acid in nylon production, can further drive pricing trends.

How do supply chain disruptions affect Adipic Acid pricing? +

Supply chain disruptions, such as raw material shortages, transportation delays, or geopolitical tensions, can lead to volatility in Adipic Acid prices. For instance, disruptions in cyclohexane production or changes in trade policies affecting its export/import can increase the cost of Adipic Acid. Similarly, labor strikes or logistical issues in major manufacturing hubs can lead to reduced supply, driving up prices. Procurement heads should monitor both upstream raw material markets and potential disruptions in global supply chains to anticipate and mitigate price fluctuations.

What is the price forecast for Adipic Acid, and how should procurement teams plan for future price volatility? +

The price forecast for Adipic Acid is subject to fluctuations due to changing raw material costs, regulatory shifts, and demand from key industries like automotive (for nylon production) and textiles. Given the volatility of oil prices and environmental policies promoting sustainable alternatives, procurement teams should stay informed by following market trends and industry reports. Securing long-term contracts, diversifying suppliers, and considering alternative feedstocks or production methods can help mitigate risks from price hikes and ensure more stable procurement costs in the future.