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Written by Beckett » Updated on: August 21st, 2024
Mixed Xylene Price in USA
United States: 986 USD/MT
The price of mixed xylene in the USA for Q4 2023 reached 986 USD/MT in December.
The latest report by IMARC Group, titled "Mixed Xylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of mixed xylene prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive mixed xylene price news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Mixed Xylene Prices December 2023:
Report Offering:
The study delves into the factors affecting mixed xylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/mixed-xylene-pricing-report/requestsample
Mixed Xylene Price Trend- Last Quarter
In the fourth quarter of 2023, the Mixed Xylene Industry in North America experienced a downward trend, primarily influenced by several key factors. Firstly, the decrease in feedstock naphtha prices contributed to lower production costs for mixed xylene within the domestic market. This reduction in production costs supported a decline in prices. Additionally, macroeconomic challenges, such as persistent inflationary pressure and high-interest rates, diminished the purchasing power of end-users. Furthermore, weak demand from downstream derivative industries, including m-xylene, p-xylene, and o-xylene, resulted in suppressed inquiries and consumption from the domestic market. The economic uncertainties across the globe, along with limited overseas market demand, further added pressure on sellers, influenced the overall market sentiment.
Mixed Xylene Industry Analysis
Meanwhile, in the Asia-Pacific region, particularly in South Korea, mixed xylene prices experienced constant declines during the fourth quarter of 2023. The South Korean chemical industry faced challenges, such as slowing economic growth, declining demand, and oversupply in the domestic market. Fluctuations in feedstock naphtha prices, along with geopolitical disturbance in the Middle East, contributed to decreased cost support for mixed xylene domestically. Subdued demand from downstream derivatives, especially from China, coupled with inactive consumption in the domestic market, further exacerbated the price decline. Despite steady manufacturing rates and slight improvements in the purchasing manager index (PMI), inventories remained sufficient, prompted manufacturers to clear existing stocks at discounted rates.
Moreover, in Europe, particularly in Germany, mixed xylene prices weakened throughout the fourth quarter of 2023, driven by a growing economic slump and weak domestic demand. Geopolitical tensions, including the Israel-Palestine conflict and Russia-Ukraine tensions, along with shifts in the energy market worldwide, led to continuous fluctuations in raw material prices, impacted terminal demand. Sluggish demand from downstream xylene value chains and reduced production levels in the chemical industry contributed to further price declines. Despite cost pressure from feedstock naphtha being limited, manufacturing firms operated at reduced rates due to stagnant downstream demand.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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