Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 14th, the average market price of benzoic acid was 9333 yuan/ton. On May 7th, the price of benzoic acid was 9200 yuan/ton, an increase of 1.45% from last week.

In terms of cost

Mixed xylene: The price of mixed xylene in China has slightly decreased this week. On May 14th, the price of mixed xylene was 7460 yuan/ton, and on May 7th, the price of mixed xylene was 7600 yuan/ton, a decrease of 1.84% from last week. International crude oil has experienced strong fluctuations, and the cost support for mixed xylene has strengthened. The inventory of mixed xylene at ports has significantly decreased, and the pressure on port supply has slightly eased. Part of the early maintenance equipment is gradually restarting, and downstream equipment is not operating high, resulting in limited support for xylene. The price has slightly decreased due to this impact. The mainstream price of meta xylene is stable, and the device is operating normally.

Acetic acid: The domestic price of acetic acid has increased this week. On May 14th, the price of acetic acid was 3400 yuan/ton, and on May 7th, the price of acetic acid was 3300 yuan/ton, an increase of 3% from last week. At present, the operating rate of acetic acid enterprises has returned to a relatively high level, and the supply of goods from suppliers is sufficient. The demand for downstream PTA and EVA, as well as the export volume of acetic acid, have increased simultaneously. Under the resonance of supply and demand, the price of acetic acid has risen.

In terms of demand

Under the support of downstream polyester bottle chip costs, manufacturers are reluctant to sell, maintaining market stability. The supply of polyester chips in the market is tight, manufacturers have improved their shipments, and the market atmosphere has rebounded.

Future Market Forecast

Overall, the recent rebound in international crude oil has provided some support for isophthalic acid, and some domestic factories and equipment have undergone maintenance, leading to an expected decline in production. In the short term, with certain positive support from the supply and demand pattern, the market is likely to continue to operate strongly.