Product
O-Xylene Price Trend and Forecast
O-Xylene Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of O-Xylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
O-Xylene Price Trend for the H1 of 2023
Asia
In Asia, the price trend of o-Xylene fluctuated in the first two quarters of 2023. In the initial phase, the prices declined due to the weak demand from the downstream sectors and ample availability of the product in the region.
But in the subsequent phase, the prices started to improve as the market regained its momentum after a long stretch of lunar new year holidays, especially in China. However, the trend stabilized and eventually declined in Q2 as the supply-demand dynamics normalized, given the over-supply of products in the market amid bearish demands.
Europe
In Europe, the prices of o-Xylene were stable throughout the first and second quarters of 2023. In this region, the major influencing factors were the stagnant purchasing potential of buyers and consistent demand from the end-user industries. The improving market sentiments, gradually increasing demand, slow production activities, and thus the depletion in the level of inventories further supported the o-Xylene market.
North America
A mixed trend in the prices of o-Xylene was observed in the North American region. The prices struggled to maintain stability in the initial months of the first quarter of 2023 but were supported by the positive demand outlook from the end-user sector and ample product availability to counter this demand. But soon enough, in the middle of the first quarter and throughout the second quarter, the price trend declined as manufacturers were forced to reduce their operation rates due to the weak demand from the downstream sectors.
Analyst Insight
According to Procurement Resource, the price trend of o-Xylene is expected to showcase a mixed trend. The demand from the downstream industries for o-Xylene seems uncertain, and the fluctuating market dynamics will likely affect the o-Xylene market.
Procurement Resource provides latest prices of O 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.
About
With the chemical formula C8H10, o-Xylene, also referred to as ortho-Xylene, is an aromatic hydrocarbon. One of the three isomers of xylene, it has an odor that is sweet and pungent and is a colorless liquid. In the chemical industry, o-Xylene is largely utilized as a solvent for a variety of purposes, including the manufacture of paints, coatings, adhesives, and rubber goods. Additionally, it is used in the production of medicines, dyes, and pesticides. Because of its mild toxicity and flammability, o-Xylene is regarded as a hazardous chemical.
Product Details
| Report Features | Details |
| Product Name | o-Xylene |
| Chemical Formula | C8H10 |
| Industrial Uses | Paints and coatings industry, Pesticide production, Printing inks, Rubber and plastics, Adhesives and sealants |
| HS Code | 29024100 |
| CAS Number | 95-47-6 |
| Molecular weight | 106.16 g/mol |
| Supplier Database | Royal Dutch Shell PLC, Reliance Industries Limited, China Petroleum and Chemical Corporation, Excon Mobil Corporation, Formosa Chemicals and Fibre 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.
Production Processes
In this procedure, the platinum reforming technique is used to produce xylene. Additionally, a distillation process and an o-xylene column are used to make ortho-xylene (O-xylene) from the produced 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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