During H1 2023, the Asian xylene market witnessed mixed price sentiments, with prices rising in Q1 but fluctuating in Q2. The European market started positively in Q1 due to increased demands, but stable demands and sufficient inventories led to declining prices. North America experienced fluctuating xylene prices throughout H1, with occasional feedstock price falls influencing the declines. Overall, xylene prices showed mixed trends in these regions during the first half of 2023.
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Definition
Xylene is a chemical compound that experienced varied price trends in different regions during the first half of 2023. In Asia, prices rose in Q1 but fluctuated in Q2 due to shifting demands. In Europe, market behavior was initially positive in Q1, but stable demands and existing inventories led to declining prices until the end of Q2. The North American market saw fluctuating prices influenced by both stable demands and occasional feedstock price falls throughout the discussed period.
Key Details About the 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 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 Xylene Price chart, including India Xylene price, USA 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 Xylene Price Trend:
Xylene is crucially employed as a solvent in paint, coatings, adhesives, and rubber industries due to its strong solvency power. It serves as a raw material for chemicals like phthalic anhydride, used in plastics and resins production. In the petroleum sector, xylene is utilized for gasoline blending and as an intermediate for paraxylene, a vital component in making polyester fibers and plastics.
Key Players:
- Exxon Mobil Corporation
- Shell Chemicals
- Reliance Industries Limited
- China Petroleum & Chemical Corporation (Sinopec Corp.)
- Valero Marketing and Supply Company
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