1,4-Dimethylbenzene Price Trend and Forecast
Get the latest insights on price movement and trend analysis of 1,4-Dimethylbenzene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
1,4-Dimethyl Benzene Price Trend for the H1 of 2023
Asia
The Asia Pacific market of 1,4-Dimethyl benzene favored a price hike in the first two quarters of 2023. The market was supported by the hike in demand from the downstream industries, and because of that, many manufacturing plants worked at their peak power, especially in South Korea. As a result, the supply dynamics in the region gained momentum. However, the production rates in some regions fell due to repairs which negatively impacted the product's availability and caused a deficit in some regions in Asia, supporting the rising trend of the prices.
Europe
In the initial months of the first quarter, the prices of 1,4-Dimethyl benzene increased as they were influenced by the rising demand from the downstream industries. But in the subsequent months, the strikes from labor at ports and excess availability of the product in the market led to a downward trajectory in the prices of 1,4-dimethyl benzene. The demand for the product was, however, stable in the later months too, which helped the trend to remain afloat.
North America
In the initial months of 2023, the prices of 1,4-Dimethyl benzene declined, followed by a slight rise in the subsequent months. The major influencing factors in North America were the demand from the downstream polymer industries, the pace of economic activities, and the production rate. In the initial phase, the demand sector was feeble, and the economy of the region struggled with domestic challenges. However, towards the later months of said period, the price trend of 1,4-Dimethyl benzene was supported by the rising demand and improved production rates.
Analyst Insight
According to Procurement Resource, the price of 1,4-Dimethyl benzene is estimated to showcase a mixed trend in the upcoming quarter. Given the regional imbalances, the downstream demand and the global inflation rates will play a major role in deciding future trends.
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Aromatic hydrocarbons include 1,4-dimethylbenzene, often known as p-xylene or para-xylene. The isomer 1,4-dimethylbenzene is one of three dimethyl benzene isomers known as xylenes. The p- or para- signifies that the two methyl groups in p-xylene or 1,4-dimethylbenzene are in diametrically opposing substituent positions, namely 1 and 4. It differs from the other isomers, o-xylene and m-xylene, in the locations of its two methyl groups. The isomers of xylene are all colourless and extremely combustible.
Report Features | Details |
Product Name | 1,4-Dimethylbenzene |
Industrial Uses | Plastics, Textiles |
Chemical Formula | C8H10 |
Synonyms | Para-Xylene, 106-42-3, 1,4-Xylene, p-Methyltoluene, p-Dimethylbenzene |
Molecular Weight | 106.16 g/mol |
Supplier Database | ENEOS Corporation, Reliance Industries Limited, S-OIL Corporation, China National Petroleum Corporation |
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.
The catalytic reforming of naphtha occurs throughout this phase. The formation of 1,4-dimethylbenzene is achieved through a succession of distillation, adsorption or crystallisation, and reaction processes involving m-xylene, o-xylene, and ethylbenzene.
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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