[Chemical Knowledge]：What are the factors influencing the price of adipic acid? Detailed analysis, theoretical yield of adipic acid

As an important chemical raw material, adipic acid is widely used in nylon, polyurethane, lubricant, plasticizer and other fields. Its price fluctuation not only affects the production cost and market competitiveness of the relevant industrial chain, but also has a profound impact on the global chemical market. This paper will analyze the main factors affecting the price of adipic acid in detail, including raw material cost, supply and demand relationship, production technology progress, environmental regulations and market competition.

Raw material cost

The main raw materials of adipic acid are cyclohexane and benzene. The price fluctuation of these raw materials directly affects the production cost of adipic acid. The price of cyclohexane and benzene is greatly affected by the fluctuation of crude oil price, and the price of crude oil is affected by the international political situation, the relationship between supply and demand, OPEC policy, natural disasters and other factors. Therefore, changes in crude oil prices are transmitted to adipic acid through the industrial chain, causing price fluctuations. The purchasing strategy and raw material inventory management of chemical enterprises will also affect the supply stability and price of raw materials.

supply and demand relationship

The relationship between supply and demand is the basic factor that determines the price of adipic acid. When market demand grows, tight supply will drive up prices if production capacity cannot be raised in time. Conversely, when supply exceeds demand, prices will face downward pressure. The level of global economic development, the development trend of the automobile industry and the textile industry, etc., will affect the market demand for adipic acid. Emergencies such as the new crown outbreak could lead to supply chain disruptions or a sudden drop in demand, which could also have a significant impact on prices.

Production technology progress

The progress of production technology can reduce the production cost of adipic acid and improve the production efficiency, thus inhibiting the price. For example, the development of green chemical technology can reduce the dependence on traditional petrochemical raw materials and reduce energy consumption and pollution emissions in the production process. The research and application of bio-based adipic acid also provides a new path and choice for the future production of adipic acid. The innovation of production technology can not only optimize the cost structure of enterprises, but also occupy a favorable position in the market competition, thus affecting the price trend.

Environmental regulations

The increasingly stringent environmental regulations put forward higher environmental requirements for adipic acid production enterprises. The traditional production process of adipic acid produces a large amount of nitrogen oxides (NOx) and other harmful exhaust gases. The treatment of these pollutants requires additional equipment investment and operating costs, which in turn drives up the product price. Changes in environmental policies and regulations of governments will directly affect the production costs and market competitiveness of enterprises. Companies need to find a balance between environmental protection inputs and production costs, both to meet regulatory requirements and to control costs.

market competition

The competitive landscape of the adipic acid market is also one of the important factors influencing the price. The global adipic acid market is dominated by several giants, such as INVISIDA (Invista), LANXESS (Lanxess), BASF (BASF) and so on. The production capacity, market strategy and pricing strategy of these enterprises will have an important impact on the market price. The addition of new entrants and the withdrawal of small-scale producers will also change the balance of supply and demand in the market, which in turn will affect prices. The intensity of market competition also determines the intensity of investment in technology research and development, production efficiency and cost control, which indirectly affects prices.

international trade policy

International trade policies also have an important impact on adipic acid prices. Tariff policy, import and export restrictions, trade barriers, etc. will affect the international trade flow of adipic acid. For example, the U.S. tariff policy on Chinese chemical products has led to an increase in the trade cost of adipic acid between China and the United States, thus affecting the balance of supply and demand and prices in the two markets. The signing of free trade agreements and the process of regional economic integration will also affect the international trade flow and price trend of adipic acid.

Substitute Impact

Alternatives to adipic acid, such as adipic acid esters, dibasic acids, dibasic esters, etc., will also have an impact on its price. If substitutes have advantages in terms of performance and cost, it may reduce the market demand for adipic acid, which in turn puts pressure on prices. For example, the rise of bio-based materials such as polylactic acid (PLA) has formed a certain substitution effect on traditional petrochemical-based materials. The development and marketing of alternatives determine the competitiveness and market share of adipic acid in various application fields.

economic cycle

Fluctuations in the macroeconomic cycle also affect the market demand and price of adipic acid. During the economic boom, manufacturing and consumer demand is strong, the demand for adipic acid increases and prices rise; during the recession, market demand shrinks and prices fall. Macroeconomic factors such as inflation and monetary policy also indirectly affect the price of adipic acid by affecting production costs and consumer purchasing power.

Conclusion

The price of adipic acid is affected by a combination of factors, including raw material costs, supply and demand, technological advances in production, environmental regulations, market competition, international trade policies, the impact of substitutes and economic cycles. Enterprises in the development of production and sales strategy, the need to consider these factors, flexible response to market changes, in order to achieve sustainable development and competitive advantage. The government and industry associations should also strengthen market supervision, promote fair competition, promote technological innovation and green production, and ensure the healthy and stable development of the adipic acid market.