Busan, (South Korea): After witnessing a bullish rally in the previous month, Isophthalic Acid prices have cooled off in the first week of August xxxx across the Asian market in the backdrop of softened buying sentiments. The decline in upstream costs has further supported the downtrend in the prices of Isophthalic acid. Furthermore, the demand for Isophthalic acid remained lackluster, with many buyers in no rush to purchase arguing that sufficient stock levels and unfavorable margins. However, in the US market imported Isophthalic Acid prices have remained steady for around three weeks, as visibly waning demand prevented additional hikes from the global Isophthalic acid sellers.
According to the data, prices of Isophthalic acid have declined by USD xx/MT on a weekly basis across the South Korean market. The cost support from feedstock Meta-xylene was limited as its prices decreased in the recent weeks which weighed down...
