Meta Xylene Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Meta Xylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Meta Xylene Price Trend for the Second Half of 2023

Asia

In Asia, the m-xylene market witnessed only marginal improvements during the final two quarters of 2023, falling short of traders' expectations. In China, the resumption of production in several plants after maintenance shutdowns strengthened the supply chains, but meek domestic demand influenced by rising inflationary pressure hindered any growth sentiments of the m-xylene price trend. Additionally, increased exports, notably to the US, increased the existing inventory levels and eventually caused a decline in the m-xylene price trend.

Meta Xylene Price Chart

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Europe

In Europe, following a brief bullish phase in the third quarter and the initial phase of the fourth quarter, m-xylene prices declined due to rising supply, reduced manufacturing costs, and sluggish demand. Decreased feedstock naphtha prices, stemming from poor domestic procurement and lower manufacturing expenses, were also some of the negatively influencing factors that depreciated the prices of m-xylene. Further, disruptions in exports caused by the Israel-Hamas conflict contributed to increased market inventories and downward pressure on M-xylene prices.

North America

In North America, the bearish outlook on m-xylene price trends during the Q3 and Q4 of 2023 mirrors the trend observed in the Asian and European countries. The most prominent cause of this slowed-down market momentum was attributed to the declining prices of raw materials like benzene, driven by weak demand and low procurement rates from downstream industries. In addition to this, economic challenges and fluctuations in the petrochemical sector also influenced market dynamics throughout the H2 and thus kept the prices of m-xylene on the lower end.

Analyst Insight

According to Procurement Resource, the price trend of m-xylene is estimated to be dictated by the cost of feedstock materials and trading activities around the globe.

Procurement Resource provides latest prices of Meta 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.