1 May 2019

Adipic Acid
Asia Pacific
Chemical Prices |  News |  Analysis  Editor: Judith Wang

SPOT PRICES 
  Price Range Four Weeks Ago US CTS/lb
CFR NE Asia International
USD/tonne -20 1280.00-1350.00 n/c 1300.00-1370.00 58.06-61.24
Origin 
CFR NE Asia China Origin  USD/tonne n/c 1100.00-1130.00 n/c 1150.00-1170.00 49.90-51.26

CONTRACT PRICES 
  Price Range One Year Ago US CTS/lb
CFR NE Asia APR USD/tonne +20 1440.00-1560.00 +10 1740.00-1910.00 65.32-70.76

NOTE: Please click here for full details on the criteria ICIS pricing uses in making these price assessments.

Subscriber note: All prices in the Adipic acid Asia Demand will tilt slow in May as derivatives including PU and
Pacific weekly report on 1 May will be assessed based on shoe sole sectors will enter into off-peak season.
information collected up to 30 April. Please click here for
more details on the ICIS publishing schedule.  

Overview  

• Supply to reduce in May on turnarounds The following charts show the spread between feedstock
• Weak demand weighs on sentiment benzene prices and ADA prices. 
• Discussions are limited on holiday sentiment
The spread between the two products provides a gauge to the
Adipic acid (ADA) prices were stable-to-soft as falling feedstock profitability of ADA production, with a wider spread indicating
costs and weak demand continued to weigh on the market healthier margins for ADA producers and a narrower spread
sentiment. indicating compressed margins.

Most downstream buyers and end-users were not rushing to Feedstock Spread: Benzene and International-origin ADA 

place new orders amid moderate inventories and
  
the impending off-peak demand season in May.

On the supply side, major Asian producers held firm to the

offers amid expected supply reduction caused by the upcoming
plant maintenance schedules in China, South Korea and Japan.

Discussions were limited as both sellers and buyers retreated to

the sidelines amid the Labour Day holiday sentiment and fresh
discussions are expected to start in coming weeks.

Feedstock Spread: Benzene and China-origin ADA  

Outlook
Availability is expected to be cut in May on several turnarounds.

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1 

 
 
Adipic Acid Asia Pacific  
 
  shut down on
26 March for
safety checks,
and another
plant at
Dafeng
remained
offline. 
Chongqing
Chongqing, Running at
Huafon 180,000*3
China 95%
Chemical
Shandong
Hualu- Dezhou, Running at
80,000*2
Hengsheng China 100%
Chemical
Henan Pingdingshan 150,000/250, Running at
Shenma , China 000 100%
Henan Pingdingsha
75,000 Trial runs
Shenma n, China
Prices The unit at
Shandong Yuncheng/Do Yuncheng
International-origin 70,000/70,00
Hongye ngming, and the unit
0
Prices for international-origin cargoes edged down at the low Chemical China at Dongming
end to reflect the lower discussions. are offline.
Tangshan Tangshan, Running at
  150,000
Zhonghao China 100%
CFR NE Asia To shut
  Other Info
(USD/tonne) Liaoyang down for
Liaoyang,
Selling views 1,350   Petrochemic 70,000*2 maintenanc
China
Buying views 1,250-1,280   al e from early
May to June
  Taiyuan
Taiyuan, Running at
Chemical 70,000*2
China-origin China 100%
New Material
Prices for China-origin cargoes were stable amid limited trade. To shut
down for
  Nobeoka, maintenanc
Asahi Kasei 120,000
CFR NE Asia Japan e in mid-May
  Other Info
(USD/tonne) for around
Selling views 1,130-1,140   40 days
Buying views 1,100   To shut
Solvay
Onsan, down in
Chemicals 140,000
  South Korea mid-May for
Korea 
three weeks
In the Chinese domestic market, prices were at
yuan (CNY) 8,000-8,300/tonne ex-tank east China.  

Contract Freight rates 

A major international producer settled its April contract at South Korea to China: $25-35/tonne
$1,440-1,560/tonne CFR NE Asia.
South Korea to India: $60-70/tonne
Upstream
Japan to southeast Asia: $50/tonne
Asia’s benzene prices closed at around low $600s/tonne FOB
Korea on 29 April. South Korea to Taiwan: $30-40/tonne

Europe to the Middle East: $40/tonne

Production 
Europe to southeast Asia: $65-70/tonne
 
Capacity News
Company Location Comment
(tonnes/yr)
One line Japan’s March adipic acid exports fall 33.6% on month - finance
running at ministry
Zibo,
Shandong 75,000/150,0 Zibo. One
China/Dafeng Feiplastic '19: BASF highlights ecovio compostable resin
Haili 00*2 plant at
, China
Dafeng was
forced to

ICIS accepts no liability for commercial decisions based on the content of this report. Unauthorised reproduction, onward transmission or copying of  Adipic Acid (Asia Pacific) in either its electronic or hard copy
format is illegal. Should you require a licence or additional copies, please contact ICIS at sales.uk@icis.com.
Adipic Acid (Asia Pacific) |  1 May 2019 |  www.icis.com
2 

 
 
Adipic Acid Asia Pacific  
 
Europe April freely negotiated adipic acid up slightly, formula  
contract values rise more sharply
 
 
 
 

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Asia Pacific
 
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