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Echemi Market Analysis (Update on 2018-01-15)

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Previous Price:$1125/MT (Reference Price)
Current Price:$1125/MT (Reference Price)  $0/MT
Analysis: Influenced by the increasing price of raw material, part of factories increased prices. Part of factories which provide higher price previous maintained the prices. The downstream players showed a wait-and-see attitude. In the future, the benzoic acid market will operate flexibly and will be possible to increase the prices. The reference price of industry grade benzoic acid was $1,125/mt FOB.
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