Asia
In the Asian region, o-xylene prices declined during Q4’24. Supply levels remained sufficient, while demand from downstream sectors like PET, phthalic anhydride, and plastics stayed weak. Some refineries maintained stable production, but high inventory levels in areas like Shandong created additional price pressure. Buyers were cautious and focused on short-term purchases, avoiding large orders due to slow construction activity and subdued industrial demand. Seasonal factors such as lower consumption toward the end of the year also contributed to softer prices across the region.
Europe
In Europe, o-xylene prices followed a gradual downtrend. Weak demand from key industries such as automotive, PET, and construction weighed on the market. Oversupply, combined with declining feedstock costs like naphtha, added pressure on pricing. Inventory levels in Germany and other major hubs were high, while export demand to Asia and the U.S. remained limited. Market participants preferred cautious buying, maintaining minimal stock levels, which further restrained any price recovery during the quarter.
North America
In North America, o-xylene prices were relatively stable but leaned toward softness. Production was moderate, and supply generally met demand. Buyers in sectors such as adhesives, leather, and plastics were active but conservative, reflecting concerns over slow industrial growth and geopolitical uncertainties. Fluctuating crude oil prices and reduced chemical imports created some unpredictability, though overall demand from downstream users remained steady enough to prevent sharp declines.