The price of terephthalic acid in East China fell

2022-07-25
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The price of terephthalic acid in East China fell sharply

the price of terephthalic acid in East China fell sharply this week under the shrinking trading volume. From October 10 to October 16, the market reference price was about 8000-8500 yuan/ton, a sharp drop of about 1000 yuan per ton compared with last week

market features of this week

1 we know that the locking structure of the machinery includes: Chevron (that is, the price of rib acid did not stop falling due to the inertia of decline, which increased the safety of the product in the process of use, causing a great blow to the confidence of market participants.

2 the price trend of the upstream and downstream products of terephthalic acid was weak, and the price was constantly detected, which stimulated the decline of the price of terephthalic acid to a certain extent.

3 the price of terephthalic acid in Southeast Asia was slightly adjusted, and the price per ton on October 14 was $953/ton About US $90 per ton lower than last week

future forecast:

as terephthalic acid prices in East China did not stop falling this week, it is expected that prices will still fall slightly next week without the support of buying

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