Sodium Xylene Sulfonate Price Trend and Forecast

Sodium Xylene Sulfonate Regional Price Overview

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

Sodium Xylene Sulfonate Price Trend for the Q1 of 2024

Asia

At the beginning of 2024, the sodium xylene sulfonate market in Asia experienced a downturn, influenced by rising crude oil benchmarks due to geopolitical tensions in the Gulf of Aden. The prices for sodium xylene sulfonate saw minimal movement throughout the first quarter, largely due to stagnant trading activity in Singapore and reduced exports. Despite this, the New Year's first trading session saw an oil price surge, driven by anticipated disruptions in supply chains and slightly positive economic projections for China.
 

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This helped to stabilize sodium xylene sulfonate prices, but not for too long. However, the downstream industries faced challenges as industrial growth slowed, particularly with the onset of the Chinese New Year holiday season, which limited market growth. In contrast, the Indian market for sodium xylene sulfonate showed an upward price trajectory during the same period. Prices rose, reflecting strong industrial growth and increased raw material costs, a trend opposite to that observed in China.

Europe

In Europe, sodium xylene sulfonate prices increased but only towards the latter part of the first quarter. Early in the quarter, demand from downstream industries was weak due to unfavorable market conditions, which negatively impacted the market trajectory. However, higher feedstock prices and tight regional supply contributed to price increases.

The elevated crude oil prices, influenced by OPEC+ production cuts and disruptions in shipping routes, further supported the bullish market sentiment. Domestic production faced challenges due to reduced operating rates amid economic difficulties, leading to supply-side pressures and rising prices.

North America

In the US market, sodium xylene sulfonate prices started the quarter on the lower side due to limited purchasing activities despite increased demand for fuel oils in exports and ship refueling. The market reflected mixed sentiments, with skeptical consumer confidence impacting prices early in the quarter. Later, a surge in crude oil prices and reduced overseas imports shifted consumer focus towards domestic production, supporting market momentum. Further, the geopolitical tensions, chemical industry dynamics, and rising production costs of downstream derivatives also contributed to market improvements in North America during the first quarter, with potential positive effects anticipated in subsequent quarters.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Xylene Sulfonate is expected to incur some fluctuations primarily based on the trajectory of its feedstock chemicals; however, it is also anticipated that the other market fragments might support an upward trend.

Procurement Resource provides latest prices of Sodium Xylene Sulfonate. 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.