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Chinese adipic acid prices fell 5.78% in April 2022 and ended the month at 11,900-12,200 yuan/ton in East China. Operating rates were about 70%, and producer inventories kept rising amid weak demand and cyclohexanone weakness.
Adipic acid is an industrial chemical with little direct link to feed ingredients, so the impact on feed markets is minimal. The story only reflects weak Chinese chemical demand.
sunsirs.comMay 5, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
