Xylene Prices, Price Trend, Historical & Forecast [Data]
Key Highlights About the Xylene:
The global Xylene Price Trend is largely driven by rising demand across various sectors. Xylene is a crucial raw material for producing terephthalic acid, which is essential in making polyethylene terephthalate (PET) plastics and polyester fibers. The growing consumption of PET products, especially in packaging and textiles, is a major contributor to market expansion. Additionally, xylene is widely used in producing paints, coatings, adhesives, and chemicals, further boosting its demand. The automotive and construction industries also rely on xylene for manufacturing components and other industrial applications. Moreover, ongoing urbanization and industrial growth in regions like Asia-Pacific continue to influence the demand for xylene. Increased investments in petrochemical projects, particularly in emerging economies, are creating further growth opportunities globally.
Price of Xylene Last Quarter:
- United States: 971 USD/MT (m Xylene)
- Germany: 852 USD/MT (m Xylene)
Key Factors Impacting Xylene Prices Across Various Regions:
Xylene Price Trend in North America:
In the last quarter, the xylene price trend saw growth due to steady manufacturing outputs in the downstream packaging and polyester sectors in North America. This demand helped counterbalance the effects of tight supply chains and low inventories. However, supply chain improvements in the following quarter led to reduced procurement rates and a subsequent drop in xylene prices.
Xylene Price Trend in APAC Regions:
In the Asia-Pacific region, xylene prices initially surged due to low inventory levels caused by supply disruptions and unfavorable weather conditions. Strong demand from various industries also contributed to the price increase during the third quarter.
Xylene Price Trend in European Regions:
As the year went on, reduced interest from international buyers and fewer new orders, coupled with a bleak economic outlook, caused xylene prices to decline. In Europe, prices experienced a sharp rise during the latter half of 2023 due to supply constraints and increased demand from consumer industries. Higher production costs, driven by limited availability of raw materials, also played a role. However, by the end of the year, consumer confidence weakened due to inflation and rising interest rates. This, along with improved supply chain efficiencies that replenished stocks, resulted in downward pressure on xylene prices.
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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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