after the public health emergency, there was an unplanned shutn of the adipic acid plant. due to the impact of transportation control and other issues, the load of some devices was reduced; entering february, in the adipic acid market, a small number of orders are still delivered, and most of the factories have not arranged for delivery during the special period, and the accumulation of inventory has increased significantly. it is expected that the operating rate of adipic acid factories will continue to decline in the next month. at present, some areas are actively resuming logistics and transportation, and manufacturers are actively destocking.
according to the previous purchasing characteristics, nstream users have already carried out a certain degree of stocking before the spring festival. sole stock solution, plasticizer, polyester resin, etc. are still in the parking holiday state. the main reference points for the resumption of work in nstream factories are: 1) it is difficult for employees to be in place; 2) protective materials (masks and related disinfection supplies) are not in place; 3) there is no large-scale traffic for logistics, and currently only 30% of the traffic can be delivered. ; 4) the chain reaction phenomenon, the upstream and nstream customers of the factory have not resumed work, which has caused resistance to the factory’s resumption of work. according to the statistics of tiantian chemical network, the start time of some chemical plants has been postponed to february 10, and some areas such as wenzhou have even postponed to the 17th. the specific progress of resumption of work in the future will depend on the development of public health affairs. in fact, most of the nstream factory clusters are mostly migrant workers, and public health control tasks are more difficult. therefore, the actual restart situation still needs to pay attention to the later development. to sum up, due to the traditional off-season and the impact of public health emergencies, tiantian chemical network predicts that the support of the adipic acid market will be weak in the future, and the recovery of nstream demand still needs to wait for an opportunity.
