The US Benzoic acid market maintained a firm upward trajectory in April ****, with Benzoic acid prices聽rising significantly amid higher feedstock costs, elevated freight rates, and tightening import availability. Market participants expect the bullish trend in Benzoic acid prices聽to continue into May ****, with forecasts indicating an additional *.*** increase supported by strong preservative demand and constrained supply conditions. During April, the US Benzoic acid market witnessed stronger landed costs as spot freight rates on the Shanghai鈥揌ouston trade lane increased sharply. At the same time, Gulf Coast toluene prices moved higher, raising production costs for Benzoic acid manufacturers and exporters. Mid-April congestion at Houston ports further delayed cargo discharge operations, tightening near-term Benzoic acid availability for East Coast distributors. By the end of the month, several importers advanced May procurement volumes to secure adequate Benzoic acid supply ahead of anticipated seasonal demand growth.
Demand...
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