Mixed Xylene Prices

Mixed Xylene Prices June 2024

During Q2 2024, mixed xylene prices reached 988 USD/MT in the USA. The market saw a decrease in prices on account of the weak demand from end users and volatile crude oil markets. Manufacturers lowered prices due to surplus supply and decreased export activity caused by lower manufacturing costs.

In South Korea, mixed xylene prices fluctuated throughout Q2 2024, reaching 909 USD/MT in June. At the beginning of the quarter, prices rose because of higher usage by end users and strong interest from international markets looking to restock. Nevertheless, declining naphtha costs resulted in reduced production expenses, causing prices to decrease as the quarter advanced.

In Q2 2024, the prices of mixed xylene in Germany initially increased due to supply constraints, reaching 933 USD/MT in June. However, reduced interest from consumers, along with decreasing crude oil expenses, caused costs to decline as the quarter progressed. Furthermore, overall economic challenges and an increase in inflation reduced user confidence, resulting in a more careful stance towards buying goods.

Mixed Xylene Prices March 2024

During Q1 2024, the mixed xylene prices in the USA reached 1,173 USD/MT in March, largely due to rising prices of crude oil and increased production costs. The raw material naphtha price hikes added pressure, while winter weather lowered manufacturing rates, limiting supply. Shipping disruptions resulted in delays that caused transportation expenses to rise, contributing to the continuation of high prices.

In South Korea, mixed xylene prices showed strong growth in early 2024, reaching 873 USD/MT. This is attributed to higher raw material naphtha prices due to external disturbances like the Red Sea transporting crisis. Heightened geopolitical concern resulted in a rise in oil prices, which increased production expenses. There was a moderate need for downstream derivatives, but supply constraints from logistical delays caused price increases.

During Q1 2024, mixed xylene pricing in Germany reached 1,084 USD/MT. The price rose initially due to tight supply conditions and higher production costs. The geopolitical tensions and colder temperatures pushed up energy prices, increasing costs for feedstock naphtha. Even with reduced demand emerging from end use industries, limited supply kept prices rising.

Mixed Xylene Prices December 2023

The mixed xylene prices in the USA for Q4 2023 reached 986 USD/MT in December. The market saw declining prices due to reduced production costs from lower Naphtha prices. Economic challenges such as inflation and high-interest rates further dampened market conditions. Demand remained weak across downstream sectors, prompting cautious buying behavior. Despite some supply disruptions, inventory levels were sufficient, leading to continued price drops.

The price trend for mixed xylene in Germany for Q4 2023, reached 846 USD/MT in December. The prices decreased amid a sluggish market, driven by weak domestic demand and limited downstream production. Geopolitical tensions and economic instability led to volatile raw material costs and a reduction in end-user demand. Manufacturing rates stayed low, with sufficient supply prompting continued destocking and bearish market trends.

Regional Coverage

The report provides a detailed analysis of the mixed xylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the mixed xylene price trend.

Global Mixed Xylene Price

The report offers a holistic view of the global mixed xylene pricing trends in the form of mixed xylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into mixed xylene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into mixed xylene price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed mixed xylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Mixed Xylene Price

Q2 2024:

In Q2 2024, the market in Europe saw a varied performance, with prices initially rising due to limited supply. However, the overall market sentiment was impacted by broader economic challenges, leading to continued pressure on demand from end users. In June, prices decreased because of declining crude oil costs and reduced raw material expenses, and individual spending power. With subdued demand and limited overseas inquiries, the market saw prices trending downward, reflecting the cautious approach of buyers amid economic headwinds and weak end-user demand.

Q1 2024:

In Q1 2024, the market in Europe faced rising prices due to supply constraints. Despite this, the demand for xylene derivatives was sluggish amid economic difficulties. Geopolitical complications and below-zero temperatures in the US pushed up energy expenses, driving feedstock costs higher. Reduced output and production disruptions tightened supply in the market, maintaining price hikes. Although end-users showed little interest, price increases were driven by restricted material accessibility. Furthermore, rising shipping and energy expenses contributed to the increasing trend.

This analysis can be extended to include detailed mixed xylene price information for a comprehensive list of countries.

North America Mixed Xylene Price

Q2 2024:

In Q2 2024, prices in the USA faced a downward trend due to weak demand and fluctuations in crude oil prices. Ample inventories surpassed end user requirements despite reduced manufacturing rates caused by market volatility. The steady decline in the prices of naphtha, influenced by falling crude oil costs, further led to reduced production expenses. As a result, market players lowered prices to increase sales while demand from end user industries remained inactive, defying typical seasonal patterns. Additionally, limited export opportunities and muted spot transactions pressured traders to lower prices further to maintain competitiveness in the market.

Q1 2024:

In Q1 2024, there was a consistent upward trend in the North American region on account of rising prices of crude oil and continued production challenges. Costs of feedstock naphtha also increased, pushing up manufacturing expenses for mixed xylene. Additionally, increased oil costs and production delays at manufacturing facilities in winter resulted in decreased material supply, causing prices to rise even more. Shipping complications in areas like the Red Sea, combined with winter weather and transit issues in the Panama Canal, also pushed shipping expenses higher. Demand from end user sectors remained steady, but high interest rates and inflation dampened consumer purchasing power.

Specific mixed xylene historical data within the United States and Canada can also be provided.

Middle East and Africa Mixed Xylene Price

The report explores the mixed xylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on mixed xylene prices for countries can also be provided.

Asia Pacific Mixed Xylene Price

Q2 2024:

In Q2 2024, the market in the Asia Pacific region fluctuated throughout the quarter. In the beginning of the quarter, prices in the region went up because of higher demand from end users and a sudden increase in overseas inquiries. Nevertheless, certain segments saw a consistent level of domestic requirement, and production costs were lowered as a result of decreased naphtha prices. At the conclusion of the quarter, costs dropped, attributed to low price support from raw materials and moderate demand from major industries, causing pressure on the market. Low domestic price levels could not be maintained because of low operating rates causing supply tightness.

Q1 2024:

The market in the Asia Pacific region experienced notable growth during Q1 2024. Several factors contributed to higher production costs, including increased naphtha prices and shipping disturbances caused by the shipping crisis in the Red Sea and drone attacks on Russian refineries. Geopolitical complications raised oil prices, adding to the pressure on the production sector. Even though there was a moderate need for m-xylene and p-xylene, Chinese manufacturing slowdown before the holiday season restricted the number of new orders. These issues, along with a decline in sales by major producers and reduced manufacturing activity, resulted in low material availability, as bad weather and delays in shipping continued to worsen the supply shortages.

This mixed xylene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Mixed Xylene Price

The analysis of mixed xylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Mixed Xylene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Mixed xylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of mixed xylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of mixed xylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of mixed xylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing mixed xylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Mixed Xylene Market Analysis

The global mixed xylene industry size reached US$ 55.4 Billion in 2023​. By 2032​, IMARC Group expects the market to reach US$ 89.8 Billion, at a projected CAGR of 5.50% during 2023-2032​.

• The growing utilization of mixed xylene in the formulation of pesticides is impelling the growth of the market. Mixed xylene is incorporated into the formulation of pesticides as it helps to dissolve various active ingredients and makes it easier for them to penetrate plant tissues. Moreover, farmers are constantly seeking effective pesticides to protect their crops from the lethal activities and attacks of pests and improve the yield. As a result, key market players are incorporating mixed xylene into pesticide formulations to enhance their efficacy. According to a report presented by the National Institute of Food and Agriculture Organization of the United Nations in 2023, between 20% to 40% of global crop production is lost to pests every year. Each year, plant diseases cost the global economy around $220 billion and invasive insects around $70 billion.
• Mixed xylene is extensively employed in the production of paints and coatings. It helps to increase the coverage and improve the consistency of paints to make it easier for applications. It is integrated into acrylic paints used for painting on canvases to make advertisements or paintings. It is also used to produce industry-grade paints used in the automotive industry and construction sector. In the construction industry, paints and coatings need to be applied to buildings to improve their overall appearance and impart other functionalities. As per the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project expenses increased from $328 billion in 2019 to $472 billion in 2022, with an estimated 2024 spending of $485 billion. This will further drive the demand for efficient industry-grade paints and coatings. 
• Mixed xylene is often utilized in the production of terephthalic acid and dimethyl terephthalate. These compounds are essential precursors of the manufacturing process of polyethylene terephthalate (PET), which is primarily employed in the creation of plastic bottles and polyester fibers. On the basis of the report presented by the IMARC Group, the PET bottle market is expected to reach US$ 60.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.

Mixed Xylene News

The report covers the latest developments, updates, and trends impacting the global mixed xylene industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in mixed xylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the mixed xylene price trend.

Latest developments in the mixed xylene industry:

• September 2023: The Prime Minister of India laid the foundation stone for the expansion of the Bina Refinery, which included a downstream petrochemical complex. The expanded facility was set to produce aromatics like mixed xylene, alongside other petrochemicals, for applications in various industries.

Product Description

Mixed xylene refers to a colorless, flammable aromatic hydrocarbon liquid that imparts a characteristic sweet odor. It is an amalgamation of several isomers of xylene like meta-xylene, para-xylene, ortho-xylene and ethylbenzene.

It is essential in the production of polyethylene terephthalate (PET) bottles, which are essential in the food and beverage (F&B) industry to store a wide variety of liquid consumable products. It is also well-known as a solvent in the rubber and leather industries due to its effective thinning. Properties. It is also employed as a clearing agent in histology and pathology to clear tissue samples and make them transparent for microscopic examination and analysis. It plays a crucial part in the production of various commercial products like pesticides, liberty agents, and pharmaceutical ingredients.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of mixed xylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting mixed xylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The mixed xylene price charts ensure our clients remain at the forefront of the industry.