Mixed Xylene Price in USA
- United States: 988 USD/MT
During Q2 2024, mixed xylene prices reached 988 USD/MT in the USA
The latest report by IMARC Group, titled ” Mixed Xylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” provides a thorough examination of mixed xylene prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Mixed Xylene Prices Analysis:
- South Korea: 909 USD/MT
- Germany: 933 USD/MT
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The study delves into the factors affecting mixed xylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/mixed-xylene-pricing-report/requestsample
Mixed Xylene Price Trend
Mixed xylene is a mixture of isomers, including ortho-xylene, meta-xylene, and para-xylene, primarily used in the production of chemicals like p-xylene, a key precursor for manufacturing plastics and synthetic fibers. It also finds applications as a solvent in the paint, coating, and adhesive industries. The global mixed xylene market is driven by increasing demand in the automotive, construction, and packaging sectors, where xylene derivatives are crucial for producing polymers, resins, and films. Growing consumption in the paints and coatings industry, fueled by rising infrastructure development and industrial activities, further supports market growth. Trends include a shift toward sustainable production processes and the development of bio-based xylene alternatives to meet environmental regulations.
Additionally, advancements in refining technologies are improving efficiency and reducing production costs, driving further adoption. The market also benefits from the rising demand for synthetic fibers in the textile industry and increased usage of xylene in the petrochemical sector for producing various industrial materials.
Mixed Xylene Industry Analysis
During the second quarter of 2024, mixed xylene prices in the US decreased due to weak derivative demand and high supply levels despite lower production rates. Volatile crude oil futures and falling feedstock prices, particularly naphtha, contributed to lower production costs, driving prices downward. Demand from downstream sectors, including p-xylene and m-xylene, remained sluggish. Manufacturers, including ExxonMobil, reduced prices to boost sales, while limited procurement from the overseas market further pressured export prices.
Mixed xylene prices fluctuated in the Asia-Pacific market during Q2 2024. Initial increases in South Korea were driven by higher downstream demand, particularly from the p-xylene sector. However, declining feedstock Naphtha prices reduced production costs, leading to a downward price shift later in the quarter. Domestic demand for o-xylene and m-xylene remained stable, and overseas inquiries rose, with exports to China and the US increasing. Despite supply tightness due to low operating rates, price realization softened toward the end of Q2.
In Q2 2024, the European mixed xylene market saw mixed trends. Prices in Germany rose initially due to supply constraints and limited availability, despite weak downstream demand from p-xylene, o-xylene, and m-xylene industries. However, by the end of the quarter, prices declined due to bearish crude oil and Naphtha prices, economic challenges, and subdued downstream demand. Weakened consumer sentiment and reduced overseas inquiries further pressured prices. Inflation concerns in Germany also contributed to the lower purchasing activity and dampened market dynamics.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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