Asia
In Asia, xylene prices showed a relatively mixed pattern in Q1’25, influenced by varying feedstock trends and downstream demand stability. Early in the quarter, regional prices remained steady due to moderate consumption from industries such as PET and solvents.
However, toward the end of the quarter, a slight upward trend was observed. This was mainly driven by increased feedstock naphtha costs and signs of improved economic activity in key markets. While industrial demand did not surge significantly, steady offtake and tightening supply supported the price recovery in March.
Europe
In Europe, particularly Germany, xylene prices mostly declined during Q1’25. The market experienced downward pressure in February and early March due to overproduction and stockpiling. Despite naphtha prices trending higher at times, the oversupply forced producers to cut prices to manage inventory levels. Demand from end-user sectors like PET and phthalic anhydride remained consistent, but it wasn’t strong enough to counteract the impact of high supply. Moreover, weak performance in the automotive and construction sectors further reduced demand for xylene-based derivatives, especially during February, reinforcing the price slide.
North America
In North America, xylene prices also declined over the quarter, mainly due to falling feedstock naphtha and crude oil costs. The drop in input prices reduced production costs, which encouraged producers to adjust xylene prices downward. Although demand from major sectors such as PET and phthalic anhydride remained stable, reduced activity in the automotive and construction segments continued to weigh on overall market sentiment. The stable downstream consumption prevented sharper price declines, keeping the market balanced despite weaker upstream cues.