The prices of Isophthalic Acid remained stable in the week ending xst November in both China and the USA, supported by steady demand from downstream industries, especially the polyester sector. At the same time, a limited supply of raw materials in certain regions has contributed to this price stability, although market conditions showed signs of underlying complexities.
In China, Isophthalic Acid prices settled at USD xxxx per metric ton (MT) FOB Qingdao, maintaining a steady trajectory. The stability in Isophthalic Acid prices can be attributed to consistent demand from polyester and other downstream sectors. However, recent fluctuations in crude oil prices have created some uncertainty in the broader petrochemical market. Although oil prices fell sharply following geopolitical tensions in the Middle East, including Israel鈥檚 military strike on Iran, fears of significant disruptions to oil and nuclear facilities were short-lived. As a result, Brent crude futures dropped x.xxx,...
