Mixed Xylene Price Trend and Forecast

Mixed Xylene Regional Price Overview

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

 

Mixed Xylene Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Mixed Xylene Chemicals Asia 1006 USD/MT January 2024
Mixed Xylene Chemicals Asia 1032 USD/MT March 2024
Mixed Xylene Chemicals India 944 USD/MT January 2024
Mixed Xylene Chemicals India 1023 USD/MT March 2024


Stay updated with the latest Mixed Xylene prices, historical data, and tailored regional analysis
 

Asia

The mixed xylene markets in Asia saw a downturn at the start of 2024 in response to rising crude oil benchmarks due to geopolitical tensions in the Gulf of Aden. The mixed xylene spot prices thus only moved from 1006 USD/MT to 1032 USD/MT in the first quarter of 2024. This abrupt stagnancy was also due to a lack of trading activity in Singapore and a reduction in intra-regional exports.

However, the oil prices surged in the New Year's first trading session, influenced by expectations of disruptions in Middle East supply chains and positive outlooks for holiday demand and economic stimulus in China, somehow supporting the pricing patterns of mixed xylene. However, the downstream industries turned southwards with the fall in the industrial growth of the market due to the initiation of the Chinese New Year holiday season, limiting the growth outlook of the market.
 

Mixed Xylene Price Chart

Mixed Xylene Price Trends and Forecast

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In India, the trajectory of mixed xylene prices was particularly opposite to what was observed in China. The spot prices of mixed xylene there grew from an average of 944 USD/MT to 1023 USD/MT during Q1 of 2024, reflecting healthy industrial growth and a surge in the cost of raw materials.

Europe

Mixed xylene prices in Europe saw a resurgence but only in the latter phase of the first quarter, supported by elevated upstream prices and tight regional supply. During the initial phase of the quarter, the downstream industry demand remained subdued due to unfavorable market conditions, exerting a negative influence on the market trajectory of mixed xylene.

The rising feedstock mixed xylene prices, however, were a key driver behind the price increase, reflecting the bullish sentiments among manufacturers. The global crude oil prices also remained on the higher end of the spectrum, fueled by ongoing OPEC+ production cuts and disruptions in shipping routes. The domestic production of mixed xylene was constrained by reduced operating rates amid challenging economic conditions, leading to supply-side pressures and increased prices.
 
North America

In the US market, mixed xylene prices remained on the lower end of the spectrum due to limited spot purchasing activities despite increased demand for fuel oils in exports and ship refueling. Not only mixed xylene but its derivatives also showcased mixed sentiments, reflecting the skeptical consumer confidence in the market in the initial phase. However, in the later stages of the quarter, the surge in crude oil prices and the limited influx of overseas imports moved the consumers' focus towards in-house production, supporting the overall momentum of the mixed xylene market.

Additionally, escalating geopolitical tensions and dynamics in the chemical industry, along with increased production costs of downstream derivative products, reflected the improvements during the first quarter of 2024 in the North American market, which might eventually show their influence in the near quarters.

Analyst Insight

According to Procurement Resource, the price trend of Mixed Xylene is expected to face northwards as the positive outlook of downstream demand and improvising supply chains of crude oil will support the uptick in the mixed xylene price trend.
 

Mixed Xylene Price Trend for the October - December of 2023

Product Category Region Price Time Period
Mixed Xylene Chemicals India 1115 USD/MT October'23
Mixed Xylene Chemicals India 963 USD/MT December’23
Mixed Xylene Chemicals China 1089 USD/MT October'23
Mixed Xylene Chemicals China 976 USD/MT December’23


Stay updated with the latest Mixed Xylene prices, historical data, and tailored regional analysis

Asia

The fourth quarter of the year 2023 witnessed a swift decline in the mixed xylene price trend in the major Asian markets. Heavy inventories and dull demands from the downstream rubber and leather industries also pivoted the mixed xylene market trajectory downwards.

The Indian domestic market witnessed a quarterly downfall of about 13% as the monthly average prices went from about 1115 USD/MT in October to about 963 USD/MT in December’23. Similarly, the Chinese mixed xylene market witnessed a depreciation of about 10%; the monthly average prices went from about 1089 USD/MT in October to about 976 USD/MT in December’23. Overall, slumping market trend were observed for mixed xylene throughout the fourth quarter of the year 2023.

Europe

The European market trend for mixed xylene were not very different from the Asian market trend. The prices varied in a downgrading manner as the bearish demand outlook forced the market southward in the majority of the domestic European markets. Degradation in the feedstock crude oil market also pushed the mixed xylene market down.

North America

The American mixed xylene market could not behave any differently than its Asian and European counterparts. The decline in offshore trade because of the freight disturbances pivoted the crude oil price trajectory downhill. Consequently, the mixed xylene market trend also shifted downwards. The general market sentiments were observed to be weak during this period.

Analyst Insight

According to Procurement Resource, Mixed Xylene price trend will take some time to improve as the current demand dynamics project further depreciation in the mixed xylene market.
 

Mixed Xylene Price Trend for the July - September of 2023

Asia

The mixed xylene prices surged by a significant margin in the third quarter of 2023 as the hike in the cost of feedstock material was sufficient in driving the mixed xylene price trend towards an upward trajectory. In addition to this, a substantial rise in the cost of production resulted in the rise in mixed xylene spot prices from approximately 1035 USD/MT to 1176 USD/MT in this quarter.

The demand was positive not only in the domestic but also in the overseas market. On the other hand, the manufacturing rates failed to incline at the pace of rising demand.

Europe

With the upswing in the cost of crude oil due to regulations sanctioned by OPEC+, increasing cost of production, and hike in demand, the mixed xylene price trend experienced an inclination in its prices. The trajectory of the mixed xylene price graph was also pushed in the green zone by lowering inventory levels in view of declined manufacturing rates and falls in the industrial and manufacturing sectors amid growing economic challenges.

North America

The bullish trajectory of mixed xylene price trend throughout the third quarter of 2023 was a consequence of the increasing cost of naphtha and restriction in the supply of crude oil from the majority of exporting nations. The drop in the North American inventories of mixed xylene and the closure of several crude oil refineries amid its rising demand also helped in the rise in the mixed xylene price trend.

Analyst Insight

According to Procurement Resource, the price trend of Mixed Xylene are expected to face northwards in the upcoming quarters as its demand from the end-user industries is inclining but the global inventories of mixed xylene are depleting.
 

Mixed Xylene Price Trend for the First Half of 2023

Asia

The price trend of Mixed Xylene performed fairly in the Asian market in the first half of 2023. Prices exhibited fluctuating patterns throughout the said period. As the market started reviving in China post removal of lockdown restrictions, demands from both domestic and international markets started rising.

Prices inclined, and manufacturing also started inclining along. Spot Prices started at an average of around 1008 USD/MT in January 2023 and inclined till April with around a 12% rise. But as the inventories rose and inquiries from downstream industries dipped, prices declined in the last months of the second quarter. The Chinese spot prices averaged around 1030 USD/MT in June’23.

In a similar manner, Mixed Xylene prices oscillated in the Indian domestic market. Average spot prices inclined from about 954 USD/MT in January to around 1063 USD/MT in March 2023 in the first quarter and wavered at around 1027 USD/MT in June by the end of the second quarter. Overall, the market remained afloat.

Europe

European Mixed Xylene market resembled the Asian market trend and fluctuated throughout the said period. Some inclinations in the price curve were attributed to the market demands from downstream rubber and leather industries. Whereas piled-up excess supplies dragged the prices down occasionally, the overall market sentiments remained afloat.

North America

The North American market was still stable compared to the other global markets. Market sentiments were dull as inventories were saturated, and the downstream industries didn’t pose much demand. Cheap Asian imports were available as the manufacturing sectors started reviving in China. Overall, dull market sentiments were observed.

Analyst Insight

According to the Procurement Resource, the Mixed Xylene prices are expected to fluctuate, given the current pricing fundamentals and rising inflation rates.
 

Mixed Xylene Price Trend for the Second Half of 2022

Asia

The prices of Mixed Xylene prices showcased a fluctuating price pattern in Asia in the second half of the year 2022. Some short-lived hikes were observed, but mostly the prices wavered on the lower end. As the third quarter began prices started falling owing to little to no demand. But as the aftereffects of covid-19 lockdown in China started fading, some industrial activities resuscitated pushing up the prices a bit, later that quarter.

The final quarter recorded a declining trend in the Mixed Xylene prices given the demand destruction amid harsh market conditions. Industrial revival in China didn’t prioritize downstream leather and rubber industries as much causing the prices to fall both in India and China.

Europe

Europe replicated the price trend as seen in the Asian market. The poor demands were attributed to the decreasing purchasing power caused by double-digit inflation and high energy costs. Even though the prices of crude oil started normalising in the last quarter, no impact on the prices was seen as the market enquiries took to a bare minimum. The hiked interest rates along with falling buyers’ confidence in the market further aided this decline.

North America

The North American market witnessed mixed price trend for Mixed Xylene during the said period. As the freight situations improved and supply chains started restoring, upstream costs were reduced and stabilized. Occasional demand hikes pushed the prices up sometimes, but overall bearish demands kept the market sentiment low.

Analyst Insight

According to Procurement Resource, the price trend for Mixed Xylene are expected to remain volatile in the coming months. Considering the sufficient inventories and falling upstream cost pressure, a significant rise in the market offtakes will directly impact the Mixed Xylene prices.
 

Mixed Xylene Price Trend For the First Half of 2022

Asia

Prices for Mixed Xylene surged in Asia due to increased demand from downstream battery, solvent, and intermediates companies. The price of Mixed Xylene in India increased by 8.1% in the first quarter, with prices hovering at 1342-1434 USD/MT in March.

Throughout the second quarter of 2022, the price trend of Mixed Xylene fluctuated. As a result of the COVID revival, the market was closed in April, causing the price to initially fall. Because to port congestion and low purchasing attitude, the merchandise was stacked. After the lockdown restrictions were lifted, the local market regained its vitality.

Europe

Prices of Mixed Xylene in Europe were observed to fluctuate in Q1 2022, with a drop in February reaching 815 USD/MT CIF Hamburg, then rising in March. Because of the ongoing conflict between Russia and Ukraine, the prices of upstream naphtha and crude oil fluctuated, causing fluctuations in Mixed Xylene prices.

The xylene market in the United Kingdom increased in the second quarter of 2022. The Russian incursion into Ukraine pushed up the price of upstream crude, which pushed up the price of Mixed Xylene. The shortage of raw materials as a result of restrictions against importing Russian oil increased the expenses even higher.

North America

Price trend for Mixed Xylene in North America climbed during the first quarter of 2022 due to increased demand from the paints and coatings sector. Mixed Xylene prices mirrored crude oil market’s mood, rising first to a very high level before settling into an acceptable range in the middle of Q1 2022. In the second quarter of 2022, Mixed Xylene continued to climb in the US market.

The price of Mixed Xylene increased in tandem with the price of upstream Mixed Xylene. Because of the product's scarcity, the rising tensions induced by sanctions on Russian imports increased the cost of upstream crude. Furthermore, demand from downstream Isophthalic Anhydride producers increased, further inflating the Mixed Xylene price.

Procurement Resource provides latest prices of Mixed 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.

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About Mixed Xylene

Mixed Xylene appears as a colourless, sweet-smelling liquid. It is one of the three isomers of dimethylbenzene which all together as known as xylenes. It is both insoluble in water and less dense than water.

Mixed Xylene Product Details

Report Features Details
Product Name Mixed Xylene
HS CODE 29024200
CAS Number 108-38-3
Industrial Uses Rubber Industry, Production of gasoline, Leather industry
Chemical Formula C8H10
Synonyms 1,3-Xylene, 1,3-Dimethylbenzene
Molecular Weight 106.16 g/mol
Supplier Database Merck KGaA, Honeywell International Inc., Chevron Phillips Chemical Company, Mitsubishi Gas Chemical Company Inc.
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.

Mixed Xylene Production Processes

  • Production of Mixed Xylene via Adsorptive Separation

This procedure involves the adsorptive separation of a mixture of C8 aromatics in order to recover Mixed Xylene along with other xylenes, which are then further separated to produce Mixed Xylene.

Methodology

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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