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Xylene Price Trend and Forecast
Xylene Price Trend and Forecast
Xylene Regional Price Overview
Get the latest insights on price movement and trend analysis of Xylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Xylene Price Trend for the Q1 of 2024
| Product | Category | Region | Price | Time Period |
| Xylene | Chemicals | China | 2273 USD/MT | March 2024 |
Stay updated with the latest Xylene prices, historical data, and tailored regional analysis
Xylene Price Trend for the Second Half of 2023
Asia
The price trend of xylene followed an inclining trail during the third quarter, but the dynamics turned bearish in the later months of the year. During Q3, the supply challenges and weather disruption exhausted the inventories. In addition to this, the strong demand from the end-user industries led to an uptick in the xylene price trend. However, the lowering of prices in the next quarter was based on the significant decline in the number of new orders and slower interest of overseas players. The pessimistic economic outlook also contributed to the sluggish behavior of the xylene prices.
Xylene Price Chart
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Europe
The upswing in the price trend of xylene during the third quarter was a positive consequence of tight supply and rising demand from the consumer sectors. Another supporting fundamental of the market was the rise in the production cost on the basis of the limited supply of raw products. However, the demand became tepid in the last quarter of 2023 as under the inflationary pressure and rising rates of interest, the confidence of consumers crumbled. Further, the supply chains eased out and raised the existing inventory levels, resulting in a declining trend in the xylene prices.
North America
Similar to the European and Asian countries, the third quarter bore fruitful results for the xylene pricing dynamics. The manufacturing rates were stabilized by the rising interest of the downstream polyester and packaging industries, favoring the inclination in the xylene price trend. The market also seemed to bear the loss of inventories due to constrained supply chains. However, the supply rates changed in the next quarter, and the procurement rates became bearish, favoring the downfall of the xylene price trend.
Analyst Insight
According to Procurement Resource, the price trend of Xylene is estimated to depict an oscillating journey in the upcoming quarters as the fluctuating crude oil prices and tepid outlook of the downstream industries offer debatable results.
Xylene Price Trend for the First Half of 2023
| Product | Category | Region | Price | Time Period |
| Xylene | Chemicals | 954 USD/MT | January'23 | |
| Xylene | Chemicals | 1069 USD/MT | March'23 | |
| Xylene | Chemicals | 1077 USD/MT | June’23 |
Stay updated with the latest Xylene prices, historical data, and tailored regional analysis
Asia
Asian Xylene market exhibited mixed price sentiments during H1 2023. The xylene prices rose primarily in the first quarter from about 954 USD/MT in January to around 1069 USD/MT in March, registering an average inclination of about 12% in the Indian domestic market. While prices fluctuated in the second quarter as prices declined until mid-Q2 and then inclined by the end of Q2. Xylene closed the second quarter at an average spot price of around 1077 USD/MT in June’23 in the Indian market.
Europe
European Xylene prices were driven by unsettled market demands throughout the said period under discussion. Q1 started with promising market behavior as the demands inclined and the suppliers restocked the inventories. The market stayed positive for the initial half of Q1, but by mid-Q1, demands became stable and showed no upward movement. The existing inventories could easily cater to the steady demands, and prices started declining. These trend continued till the end of Q2, and overall market sentiments were mixed throughout.
North America
The price trend for Xylene fluctuated in the North American market throughout the said period. With a slow start at the beginning of each quarter, prices rose till the middle of both quarters and declined further till the quarter end. Hikes in price trend were attributed to improved demands which remained stable even during the dipping times, but falling prices were influenced by occasional falls in feedstock prices. Overall, prices showed mixed sentiments throughout H1’23.
Analyst Insight
According to the Procurement Resource, the Xylene prices are expected to continue similar oscillating trend, with volatile downstream demands and feedstock prices continuing to be the major influencing factor.
Procurement Resource provides latest prices of Xylene. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Xylene
Xylene refers to any one of three isomers or a mixture of three isomers of dimethylbenzene, which have same chemical formula ((CH3)2C6H4) but different molecular structure. The three isomers, that is, ortho (o), meta (m), and para (p), differ structurally only in the placement of the methyl groups.
Xylene is utilised as solvents, as components of aviation fuel, and as raw materials for the production of dyes, fibres, etc. Each of the 3 compounds has a central benzene ring with two methyl groups attached as substituents. In appearance they are all colourless, flammable liquids, some of which are of great commercial value.
Xylene Product Details
| Report Features | Details |
| Product Name | Xylene |
| Chemical Formula | (CH3)2C6H4 |
| Industrial Uses | Solvent, Chemical intermediates, High-motor and aviation, Gasoline blending agents, Breathing devices (inhalers) |
| Molecular Weight | 106.16 g/mol |
| Synonyms | 1330-20-7, Xylol, Dimethylbenzene |
| Supplier Database | Exxon Mobil Corporation, Shell Chemicals, Reliance Industries Limited, China Petroleum & Chemical Corporation (Sinopec Corp.), Valero Marketing and Supply Company |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers in
Xylene Production Processes
- Production of Xylene via Methylation.
In this process, toluene and benzene are utilised for the production of Xylenes. Toluene and benzene are methylated to finally produce Xylenes, where the ratio of all the three isomers differ in value that can also be shifted to favour the more valued p-xylene using other processes or catalysts.
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Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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