Price trend

According to the Commodity Market Analysis System of Shengyishe, as of April 18th, the average market price of benzoic acid was 9100 yuan/ton, with a price increase of 0.74% compared to last week.

In terms of cost

Mixed xylene: The price of mixed xylene in China has slightly increased this week. On April 18th, the price of mixed xylene was 7390 yuan/ton, an increase of 0.38% compared to last week. Under the resonance of multiple factors, the overall high volatility of international crude oil still provides some support for the cost of mixed xylene. The high volatility of mixed xylene prices in Asia provides support for the domestic market.

Acetic acid: The domestic price of acetic acid has increased this week. On April 18th, the price of acetic acid was 3450 yuan/ton, an increase of 6.03% compared to last week. Since April, the price of acetic acid has shown a strong upward trend. Due to the low price of acetic acid at the end of March, some downstream buyers have increased their intention to purchase at a lower price. Acetic acid manufacturers have smooth shipments, reduced inventory pressure, and a positive trading atmosphere in the market. Acetic acid continues to rise.

In terms of demand

The current production of downstream polyester has climbed to a high level around 88%, and the room for improvement is relatively limited. Dyes, pesticide intermediates, and other products are in high demand for customers to purchase, and downstream trading is not active.

Future Market Forecast

Overall, the cost side is expected to remain strong, domestic factories are operating steadily, and the quotes from holders are temporarily stable. There is strong bullish sentiment on the market, and actual transactions are limited. The price of isophthalic acid needs to pay attention to changes in cost and downstream demand.