North America Isophthalic Acid Prices Movement Q4

Isophthalic Acid Prices in USA:

In Q4 2023, Isophthalic Acid Prices in the United States dropped to $1,495 per metric ton in December. The decline was driven by reduced manufacturing costs and minimal feedstock pressure. Economic challenges, such as inflation and high interest rates, weakened purchasing power and lowered demand in downstream sectors. Despite these conditions, supply chain disruptions had little impact on product availability, further contributing to the decrease in production expenses. The combination of stable supply and reduced demand created a favorable environment for lower prices during the quarter, reflecting the market's adjustment to economic and industrial pressures.

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Isophthalic Acid Prices in China:

In Q4 2023, isophthalic acid prices in China fell to $1,255 per metric ton in December. The demand weakened during the quarter due to limited new orders and ongoing economic challenges. An oversupply in the domestic market, combined with stable production rates and ample inventories, further contributed to the downward pressure on prices. Despite steady production, reduced industrial activity and sluggish demand created an imbalanced market, leading to price declines. These factors reflected the broader economic and market conditions, as producers struggled to align supply with the softened demand during the final months of 2023.

Isophthalic Acid Prices in India:

In Q4 2023, isophthalic acid prices in India declined to $1,125 per metric ton in December. The market experienced a downtrend as reduced demand from downstream sectors and global economic uncertainties made buyers cautious. While domestic production remained stable, the availability of ample inventories and subdued market sentiment exerted downward pressure on prices. Weak purchasing activity and limited new orders further contributed to the declining trend. Despite steady production rates, the oversupplied market and hesitant buyer behavior kept prices low throughout the quarter, reflecting the broader challenges in the domestic and global economic environment.

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 The price analysis can be extended to provide detailed natural gas price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries

Factors Affecting isophthalic acid Supply and Prices

Isophthalic acid supply and prices are influenced by demand from industries like PET resin and coatings, feedstock costs, and production rates. Global economic factors, such as inflation and interest rates, impact purchasing power and demand. Additionally, inventory levels, supply chain stability, and new order volumes play crucial roles in market trends.

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• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
• Spot Prices by Major Ports
• Price Breakup
• Price Trends by Region
• Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

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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