Isophthalic Acid Price Outlook | Q4 2023
Check global Isophthalic Acid prices, from Q3 2023 to Q4 2023.
When it comes to Isophthalic Acid pricing data, the chart above presents prices in Q4 2023, in different locations worldwide.
The table below shows quarterly Isophthalic Acid prices, in USD per metric ton.
And this table presents how Isophthalic Acid prices varied, on a year-over-year basis and on a quarter-over-quarter basis.
Isophthalic Acid, US (United States). The price of Isophthalic Acid (United States) decreased during Q4 2023 to 1,380 USD per metric ton, which represents a considerable decline of 12% compared to the previous quarter’s value. On a year-over-year basis, prices of Isophthalic Acid (United States) decreased by 19%.
Isophthalic Acid, SEA (Southeast Asia). In Q4 2023, The price of Isophthalic Acid (Southeast Asia) witnessed a decline of 11 USD per metric ton when compared against the previous quarter’s price, to 1,220 USD per metric ton. The Q4 2023 price is 12% lower than the price one year before.
Isophthalic Acid, CN (China). Prices of Isophthalic Acid (China) declined slightly throughout Q4 2023, reaching 1,000 USD per metric ton. The current price is 0.98% lower than the average price in the last quarter and 9.4% lower than the average price one year ago.
Isophthalic Acid, NEA (Northeast Asia). Prices of Isophthalic Acid (Northeast Asia) decreased modestly during Q4 2023, reaching 998 USD per metric ton, which means a decline of 1.6% from the previous quarter’s price and a decline of 9.4% from the previous year’s price.
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- Historical pricing data since 2007
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A Little Bit About Isophthalic Acid
Isophthalic Acid (a.k.a. PIA) is an aromatic dicarboxylic acid, isomer of phthalic acid and terephthalic acid. It appears as a stable, intractable solid with low solubility in most solvents. PIA is manufactured by oxidation of m-xylene, using a cobalt-manganese catalyst. It is used as precursor to commercially important polymers, in the production of resins for drink plastic bottles, in the high-performance polymer polybenzimidazole production process, and as an important input to produce insulation materials.
The Purified Isophthalic Acid is stored in powder form in silos. For transportation, dedicated hopper cars and trucks are used to ensure the extreme purity is maintained. Bags of 1 ton and paper bags of 25 kg are also used to carry out the transport. For large scale ocean shipping, plastic lined containers with a capacity of 20 tons of PIA are recommended.
Purified Isophthalic Acid is mostly used as a comonomer with terephthalic acid in bottle and specialty reins manufacturing. It is also applied as feedstock for coatings and high performance unsaturated polyesters. This commodity can be used in the manufacture of derivatives, such as: diallyl isophthalate; dimethyl isophthalate; diphenyl isophthalate; isophthaloyl chloride; 5-nitroisophthalic acid; sodium sulfoisophthalic acid; unsaturated polyester resins, isophthalate grades.
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