SunSirs: Under Cost Support, the Price of Isophthalic Acid Has Increased
April 19 2024 14:20:43 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 18th, the average market price of isophthalic acid was 9,100 RMB/ton, with a price increase of 0.74% compared to last week.
Analysis review
In terms of cost
Mixed xylene: The price of mixed xylene in China haD slightly increased this week. On April 18th, the price of mixed xylene was 7,390 RMB/ton, an increase of 0.38% compared to last week. Under the resonance of multiple factors, the overall high volatility of international crude oil still provided some support for the cost of mixed xylene. The high volatility of mixed xylene prices in Asia provided support for the domestic market.
Acetic acid: The domestic price of acetic acid had increased this week. On April 18th, the price of acetic acid was 3,450 RMB/ton, an increase of 6.03% compared to last week. Since April, the price of acetic acid had shown a strong upward trend. Due to the low price of acetic acid at the end of March, some downstream buyers had increased their intention to purchase at a lower price. Acetic acid manufacturers had smooth shipments, reduced inventory pressure, and a positive trading atmosphere in the market. Acetic acid continued to rise.
In terms of demand
The production of downstream polyester had climbed to a high level around 88%, and the room for improvement was relatively limited. Dyes, pesticide intermediates, and other products were purchasing on demand, and downstream trading was not active.
Market outlook
Overall, the cost side is expected to remain strong, domestic factories are operating steadily, and the quotes from holders are temporarily stable. There is strong bullish sentiment on the market, and actual transactions are limited. The price of isophthalic acid needs to pay attention to changes in cost and downstream demand.
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