North America Isophthalic Acid Prices Movement Q4

Isophthalic Acid Prices in USA:

In December 2023, Isophthalic Acid Prices in the USA were pegged at 1495 USD/MT at the last month of Q4. Falling prices were recorded owing to lower production costs and small pressure from feedstock costs. The buying power reduced as inflation and high interest rates brought economic woes from high spending with little output in downstream sectors. Even though there were ongoing disruptions in supply chains, availability was stable, and this continuously contributed to lower manufacturing costs. The last combined this into a spell of downturn in the prices of isophthalic acid in the entire quarter.

Isophthalic Acid Prices in China:

An assessment of December 2023 showed isophthalic acid prices in China at USD 1255/MT. Demand weakened further during the quarter On the other hand, new orders did not arrive and the economy was getting worse. It turned out that the supply of the domestic market had excess capacity and was stable in production rates with sufficient inventories; all these indicated downward pressure on prices. All these translated into diminished isophthalic acid price levels when the market had to deal with low demand and abundant supply, all against the background of considerable economic malaise.

Isophthalic Acid Prices in India:

Prices of isophthalic acid in India moved upward to 1125 USD metric ton in December 2023, approaching the end of Q4. The market condition was bearish and towards the year-end, mainly due to demand reduction from downstream sectors and global economic uncertainties, further compounded by slight caution seen in buyer activities and production trends during this month. Stock levels remained healthy, and market sentiments were muted, adding further weight to prices during the entire quarter. The prevailing economic mood is such that there is hardly any buoyancy in demand in the market, hence the pressure observed below prices.


How IMARC Pricing Database Can Help

The latest IMARC Group study, “Isophthalic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Isophthalic Acid price trend, offering key insights into global Isophthalic Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Isophthalic Acid demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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