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VietnamIn Q1 2025, the price of Adipic Acid in China decreased by about 4.47%, settling at approximately USD 1043 per ton. This drop was mainly caused by lower feedstock costs, particularly for Benzene, combined with weak demand from downstream industries and an oversupply of Adipic Acid. Moreover, the Intra-Asia Container Index fell by 30%, making imports more cost-effective for countries in the Asia-Pacific region. The combination of reduced production costs and cheaper transportation contributed to the regional price decline, reflecting a global trend of price softness in the Adipic Acid market due to ongoing supply-demand imbalances and lower shipping costs.
In the Q4 2024, China’s adipic acid prices saw a notable decline of about 8.11%, falling to approximately USD 1092 per ton. This decrease was largely attributed to sluggish demand, continued inventory reduction efforts, and supply chain challenges. Additionally, falling costs of key raw materials such as benzene and cyclohexane, along with lower logistics expenses, played a significant role in driving prices down. This bearish market sentiment was also reflected in major importing countries such as Vietnam, Singapore, Egypt, and Australia, where similar market conditions prevailed. Overall, the combination of lower production costs and sluggish demand led to a broad-based decrease in Adipic Acid prices across key global markets.
In Q3 2024, China’s domestic Adipic Acid prices declined by approximately 4.22% compared to the previous quarter, reaching around USD 1188 per ton. This decrease was primarily driven by weak domestic demand, reduced export volumes, and a drop in Benzene prices, which led to lower production costs. A similar bearish trend was observed in major importing countries such as Vietnam and Singapore, indicating a broader global softness in Adipic Acid prices. In contrast, prices in Australia and Egypt increased, largely due to higher freight charges and transportation costs. This regional price divergence underscores the complex dynamics of the Adipic Acid market, where localized factors such as demand patterns and logistical expenses significantly impact pricing trends across different markets.
In Q2 2024, Adipic Acid prices in China’s domestic market declined by approximately 1.57% compared to Q1 2024, settling at around USD 1241 per ton. This slight downturn was mainly attributed to disruptions in demand and supply within key end-use sectors such as the automotive and textile industries. Similar market fluctuations were also observed across various regions of the APAC market, reflecting the broader regional impact of changing industrial activity and supply chain dynamics.
In Q1 2024, the price of Adipic Acid in China’s domestic market rose by approximately 3.13% compared to Q4 2023, reaching around USD 1261 per ton. This increase was primarily driven by the rising cost of raw materials, especially cyclohexane, along with ongoing logistics and transportation challenges. The bullish price trend was also reflected in major importing countries such as Egypt, Turkey, and several Southeast Asian nations, where rising freight charges and transportation costs further pushed prices upward. Additionally, fluctuations in demand from key end-use industries like automotive and textiles contributed to price volatility across the region. Similar trends were observed in South Korea and other parts of the APAC region, influenced by shifts in supply and demand dynamics.
In Q1 2025, CIF Nhava Sheva (China) prices fell by 1.91%, mainly due to declining crude oil prices that reduced production costs and made imports more affordable for India. However, this decline was partly offset by the depreciation of the Indian rupee. On the other hand, CIF Nhava Sheva (South Korea) saw a modest increase of 0.94%, driven by higher freight charges and the weakening of the rupee. Ex-Mumbai prices dropped by 5.78%, aligning with global market trends and falling feedstock prices. These changes highlight the impact of commodity prices, currency fluctuations, and logistics costs on import patterns.
In Q4 2024, CIF Nhava Sheva (China) prices fell by 6.83%, driven by destocking and ongoing supply chain pressures. Meanwhile, CIF Nhava Sheva (South Korea) saw a modest 0.65% increase, supported by continued bullish demand, particularly driven by increased car sales, which pushed up export prices. Ex-Mumbai prices dropped slightly by 0.87%, reflecting the effects of destocking activities. These trends highlight the varying regional market conditions and their impact on import prices and trade dynamics.
In Q3 2024, CIF Nhava Sheva (China) prices fell by 2.32%, driven by low domestic demand, reduced export volumes, and falling Benzene prices, which reduced production costs for importing countries like India. In contrast, CIF Nhava Sheva (South Korea) prices rose by 5.63%, fuelled by continued bullish demand. Ex-Mumbai prices remained stable at the lower end, supported by steady demand in the Indian market. These dynamics reflect the impact of global market conditions on regional pricing trends.
During the second quarter of 2024, CIF Nhava Sheva (China) prices declined by 0.63%, largely as a result of weak domestic demand in China. In contrast, CIF Nhava Sheva (South Korea) recorded a 2% uptick, supported by strong demand momentum in South Korea and escalating logistics costs. The Ex-Mumbai prices rose by 1.75%, reflecting an increase in trade volumes within the Indian market. This indicates that while China faced subdued market conditions, South Korea experienced higher costs due to logistics, and India’s market growth bolstered local pricing. Overall, regional demand fluctuations and logistical factors played key roles in shaping these price trends.
In Q1 2024, CIF Nhava Sheva (China) and CIF Nhava Sheva (South Korea) prices saw notable increases of 5.66% and 1.88%, respectively. These hikes were driven by higher raw material costs, especially cyclohexane, coupled with logistical challenges in Asia that pushed up import costs. Additionally, Ex-Mumbai prices rose by 4.59%, largely due to the rising import costs and heightened domestic demand from the automobile sector. This suggests that the combination of global supply chain disruptions, raw material price inflation, and strong local demand are contributing to a more expensive import and manufacturing environment in India.
PriceWatch 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, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence adipic acid prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely adipic acid market data.
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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.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Adipic Acid pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
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
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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) | ≥≥
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.
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.
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.
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.
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