Free Benzoic Acid Pricing Trend and Forecast Accord
- Location: Accord, Accord, New York, United States
In North America, the Benzoic Acid Pricing declined in the US domestic market during the fourth quarter of 2021. The US is typically a net importer of upstream Benzene. However, it also exports Benzene to several countries, including China and Europe, which fell by almost 83% from October to November due to prolonged supply length due, which supported the downward trajectory of the price trend of Benzoic Acid in the country. Benzoic Acid prices decreased from USD 4762/MT to USD 4326/MT CFR Texas from October to December. In terms of demand, Offtakes from the downstream pharmaceutical and Food & Beverage industries remained strong throughout the quarter.
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