Product
M-Xylene Price Trend and Forecast
M-Xylene Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of m-Xylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
Prices for m-Xylene surged in Asia due to increased demand from downstream battery, solvent, and intermediates companies. The price of m-Xylene in India increased by 8.1% in the first quarter, with prices hovering at 1342-1434 USD/MT in March.
Throughout the second quarter of 2022, the price trends of m-Xylene fluctuated. As a result of the COVID revival, the market was closed in April, causing the price to initially fall. Because to port congestion and low purchasing attitude, the merchandise was stacked. After the lockdown restrictions were lifted, the local market regained its vitality.
Europe
Prices of m-Xylene in Europe were observed to fluctuate in Q1 2022, with a drop in February reaching 815 USD/MT CIF Hamburg, then rising in March. Because of the ongoing conflict between Russia and Ukraine, the prices of upstream naphtha and crude oil fluctuated, causing fluctuations in m-Xylene prices.
The xylene market in the United Kingdom increased in the second quarter of 2022. The Russian incursion into Ukraine pushed up the price of upstream crude, which pushed up the price of m-Xylene. The shortage of raw materials as a result of restrictions against importing Russian oil increased the expenses even higher.
North America
Price trends for m-Xylene in North America climbed during the first quarter of 2022 due to increased demand from the paints and coatings sector. m-Xylene prices mirrored crude oil market’s mood, rising first to a very high level before settling into an acceptable range in the middle of Q1 2022. In the second quarter of 2022, m-Xylene continued to climb in the US market.
The price of m-Xylene increased in tandem with the price of upstream Mixed Xylene. Because of the product's scarcity, the rising tensions induced by sanctions on Russian imports increased the cost of upstream crude. Furthermore, demand from downstream Isophthalic Anhydride producers increased, further inflating the m-Xylene price.
Procurement Resource provides latest prices of M-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
M-xylene appears as a colourless, sweet-smelling liquid. It is one of the three isomers of dimethylbenzene which all together as known as xylenes. It is both insoluble in water and less dense than water.
Product Details
| Report Features | Details |
| Product Name | M-Xylene |
| HS CODE | 29024200 |
| CAS Number | 108-38-3 |
| Industrial Uses | Rubber Industry, Production of gasoline, Leather industry |
| Chemical Formula | C8H10 |
| Synonyms | 1,3-Xylene, 1,3-Dimethylbenzene |
| Molecular Weight | 106.16 g/mol |
| Supplier Database | Merck KGaA, Honeywell International Inc., Chevron Phillips Chemical Company, MITSUBISHI GAS CHEMICAL COMPANY INC. |
| 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 indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of M-Xylene via Adsorptive Separation
This procedure involves the adsorptive separation of a mixture of C8 aromatics in order to recover m-xylene along with other xylenes, which are then further separated to produce m-xylene.
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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