Isophthalic Acid Price Trend and Forecast
North America In the US, Isophthalic Acid prices dropped sharply in the last quarter of 2022 owing to weak demand from downstream PET and soft prices of the imports reaching US shores amid declining freight charges. Import availability has been ample in the US ports as freight charges reached normalcy in Q4 2022 and continue to remain soft in January 2023. Production rates in the Asian Pacific region have been steady, resulting in stable exports to the US. Meanwhile, downstream demand from Polyethylene Terephthalate and other industries has been weak amid off-season dullness for downstream PET. Asia-Pacific Isophthalic Acid prices have continued their downward trend in Q4 2022 owing to sluggish demand fundamentals amid firm cost pressure from feedstock m-Xylene. Market participants have reported firm availability of inventories at the ports, and logistics have improved, resulting in increased material availability in the domestic market. Downstream demand of Polyethylene Tere...