In H1’23, o-Xylene prices in Asia fluctuated with a decline in the initial phase due to weak downstream demand and ample supply. However, prices improved after the lunar new year holidays, especially in China. The trend later stabilized and eventually declined in Q2 as supply and demand normalized, resulting in an oversupply amid bearish demands.
In Europe, prices remained stable throughout both quarters, supported by consistent demand, improving market sentiments, and depleted inventories. In North America, prices initially struggled to maintain stability, but later declined due to reduced operation rates by manufacturers in response to weak demand from downstream sectors. Overall, the price trends in these regions were influenced by demand dynamics, supply levels, and market sentiments.
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Definition
o-Xylene, also known as ortho-xylene, is a colorless, aromatic hydrocarbon with the chemical formula C8H10. It is one of the three isomers of xylene, along with m-xylene and p-xylene. O-Xylene is produced during the refining of crude oil and is mainly used as a solvent in the manufacturing of paints, coatings, adhesives, and other chemical products. It is also utilized in the production of phthalic anhydride, a key component in the production of plasticizers and other chemicals. O-Xylene’s ability to dissolve various substances makes it valuable in numerous industrial applications.
Key Details About the o-Xylene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the o-Xylene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The o-Xylene Price chart, including India o-Xylene price, USA o-Xylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the o-Xylene Price Trend:
o-Xylene finds numerous industrial uses due to its valuable properties as a solvent and chemical feedstock. One of its primary applications is as a solvent in the manufacturing of paints, coatings, and adhesives. It is also utilized as a cleaning agent and degreaser in various industrial processes. o-Xylene serves as a vital raw material in the production of phthalic anhydride, which is used in the manufacturing of plasticizers for plastics and resins. Additionally, it is used in the production of dyes, pesticides, and perfumes. o-Xylene’s ability to dissolve a wide range of substances and its role as a chemical intermediate make it indispensable in various industries.
Key Players:
- Royal Dutch Shell PLC
- Reliance Industries Limited
- China Petroleum and Chemical Corporation
- Excon Mobil Corporation
- Formosa Chemicals and Fibre Corporation
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