Zhejiang Petrochemical Co., Ltd. plans to commence production of its 450,000-ton-per-year adipic acid project in August. PriceSeek analysis of adipic acid, with a long-short score of -1: Zhejiang Petrochemical Co., Ltd. plans to bring online a new 450,000-ton-per-year adipic acid production capacity in August, which will significantly increase market supply. Given the current lack of synchronized demand growth, the risk of oversupply is rising, potentially putting downward pressure on spot prices of adipic acid. A score of -1.0 indicates a generally bearish impact, as the new capacity is substantial but not extreme. Attention should be paid to changes in downstream demand to balance supply and demand.
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