Xylene Prices, Trend, Monitor, Analysis and Forecast

Xylene Prices by End of The Last Quarter:

United States: 971 USD/MT (m Xylene)
Germany: 852 USD/MT (m Xylene)

The latest report by IMARC, titled " Xylene Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Xylene Prices. This report delves into the price of Xylene globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive Xylene 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 industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.

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Request For a Sample Copy of the Report: https://www.imarcgroup.com/xylene-pricing-report/requestsample

Key Highlights About the Xylene Price Trend

The global xylene prices are primarily driven by the increasing demand across various industries. Additionally, xylene is a key raw material used in the production of terephthalic acid, which is essential for making polyethylene terephthalate (PET) plastics and polyester fibers. Moreover, the rise in consumption of PET products, particularly in packaging and textiles, is driving this market forward. Along with this, xylene’s use in the production of paints, coatings, adhesives, and chemicals is further propelling the market growth. Besides, the automotive and construction industries also play a significant role in the market growth, as xylene is commonly used in manufacturing automotive components and industrial applications. Apart from this, with urbanization and industrialization continuing in regions like Asia-Pacific, the need for such products is influencing market growth. Furthermore, increasing investments in petrochemical projects, particularly in emerging economies, are providing additional growth opportunities across the globe.

Factors Influencing Xylene Prices

The xylene market experienced positive growth in the last quarter, supported by stable manufacturing outputs from the downstream packaging and polyester sectors in North America. This demand helped mitigate the impact of tight supply chains that had thinned inventories. Nonetheless, supply improvements in the following quarter led to reduced procurement rates and a subsequent decrease in xylene prices. Moreover, initially, the xylene market in the Asia Pacific saw a surge in prices due to low inventory levels exacerbated by supply disruptions and adverse weather conditions. The robust demand from various industrial sectors further fueled this rise during the third quarter.

As the year progressed, reduced interest from international buyers and a declining new order, along with a gloomy economic forecast, led to a downturn in xylene prices. Furthermore, in Europe, xylene prices rose sharply in the second half of the 2023 quarter, driven by a tight supply chain and increased requirements across consumer industries. Moreover, elevated manufacturing costs due to scarce raw materials also supported this trend. However, toward the end of the year, consumer confidence waned under inflationary compressions and higher interest rates, which, along with improved supply chain efficiencies that replenished stocks, pressured prices downward.

Overall, Price Trend and Regional Prices 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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