Asia adipic acid may extend gains as producers face margin squeeze

ICIS News | January 18, 2019

SINGAPORE (ICIS)--Asia’s adipic acid (ADA) market may extend gains as exporters from China – a major regional supplier – have raised prices to recoup margins amid low stocks. In the week ended 16 January, prices for cargoes originating in China were assessed $20-30/tonne higher at $1,050-1,100/tonne CFR (cost & freight) NE (northeast) Asia; while prices for other cargoes stood at $1,320-1,400/tonne CFR NE Asia, according to ICIS data. Spot prices for China-origin cargoes rose for the first time after shedding 25% since mid-September, while prices for cargoes of other origins declined 15% over the same period, the data showed.

Spotlight

These are the largest group of secondary chemical constituents made largely of ammonia compounds comprising basically of nitrogen bases synthesized from amino acid building blocks with various radicals replacing one or more of the hydrogen atoms in the peptide ring, most containing oxygen.

Spotlight

These are the largest group of secondary chemical constituents made largely of ammonia compounds comprising basically of nitrogen bases synthesized from amino acid building blocks with various radicals replacing one or more of the hydrogen atoms in the peptide ring, most containing oxygen.

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CHEMICAL TECHNOLOGY

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Lummus Technology, Phigenesis Limited | November 23, 2021

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