Xylene Price Trend and Forecast

Xylene Regional Price Overview

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

Xylene Price Trend for the Year 2024

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Asia

The xylene market in Asia showed mixed performance across 2024. The year began with modest price increases driven by seasonal demand from paint and coating sectors. This upward movement continued through spring, supported by some maintenance-related supply constraints. However, the market reversed course dramatically in the second half of the year as manufacturing activity slowed across the region.
 

Xylene Price Chart

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By the third quarter, prices were dropping significantly as downstream industries cut back purchases. The final months saw continued weakness as oversupply conditions persisted and regional economic growth remained subdued. Japanese and Chinese markets particularly felt this downward pressure as the year progressed.

Europe

Europe's xylene market endured the most challenging conditions of all regions in 2024. After a brief period of stability in early months, prices began falling steadily through spring. The summer brought significantly steeper declines as industrial activity slowed across the continent. Germany's chemical sector, a major consumer of xylene, faced particular difficulties amid broader economic stagnation. Political uncertainties and high energy costs further complicated the market throughout the year. By the final quarter, xylene prices had fallen dramatically from the beginning of the year, with limited signs of recovery despite seasonal heating oil demand.

North America

In 2024, the North American xylene market faced consistent downward pressure throughout the year. The market initially showed some resilience in the first quarter before beginning a gradual decline. By mid-year, weakening demand from solvents, adhesives, and coatings industries contributed to further price erosion. The latter half of 2024 saw more significant drops as crude oil prices fell and refineries operated at reduced capacity. The market also struggled with oversupply conditions as production continued to outpace consumption. The petroleum industry's broader challenges, including high inventories and economic uncertainties, further dampened the xylene market throughout the year.

Analyst Insight

According to Procurement Resource, recovery in Xylene market will likely depend on broader economic improvements and reduced production rates to address persistent oversupply issues in the petrochemical industry.
 

Xylene Price Trend for the Second Half of 2023

Asia

The price trend of xylene followed an inclining trail during the third quarter, but the dynamics turned bearish in the later months of the year. During Q3, the supply challenges and weather disruption exhausted the inventories. In addition to this, the strong demand from the end-user industries led to an uptick in the xylene price trend. However, the lowering of prices in the next quarter was based on the significant decline in the number of new orders and slower interest of overseas players. The pessimistic economic outlook also contributed to the sluggish behavior of the xylene prices.

Europe

The upswing in the price trend of xylene during the third quarter was a positive consequence of tight supply and rising demand from the consumer sectors. Another supporting fundamental of the market was the rise in the production cost on the basis of the limited supply of raw products. However, the demand became tepid in the last quarter of 2023 as under the inflationary pressure and rising rates of interest, the confidence of consumers crumbled. Further, the supply chains eased out and raised the existing inventory levels, resulting in a declining trend in the xylene prices.

North America

Similar to the European and Asian countries, the third quarter bore fruitful results for the xylene pricing dynamics. The manufacturing rates were stabilized by the rising interest of the downstream polyester and packaging industries, favoring the inclination in the xylene price trend. The market also seemed to bear the loss of inventories due to constrained supply chains. However, the supply rates changed in the next quarter, and the procurement rates became bearish, favoring the downfall of the xylene price trend.

Analyst Insight

According to Procurement Resource, the price trend of Xylene is estimated to depict an oscillating journey in the upcoming quarters as the fluctuating crude oil prices and tepid outlook of the downstream industries offer debatable results.
 

Xylene Price Trend for the First Half of 2023

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

Asia

Asian Xylene market exhibited mixed price sentiments during H1 2023. The xylene prices rose primarily in the first quarter from about 954 USD/MT in January to around 1069 USD/MT in March, registering an average inclination of about 12% in the Indian domestic market. While prices fluctuated in the second quarter as prices declined until mid-Q2 and then inclined by the end of Q2. Xylene closed the second quarter at an average spot price of around 1077 USD/MT in June’23 in the Indian market.

Europe

European Xylene prices were driven by unsettled market demands throughout the said period under discussion. Q1 started with promising market behavior as the demands inclined and the suppliers restocked the inventories. The market stayed positive for the initial half of Q1, but by mid-Q1, demands became stable and showed no upward movement. The existing inventories could easily cater to the steady demands, and prices started declining. These trend continued till the end of Q2, and overall market sentiments were mixed throughout.

North America

The price trend for Xylene fluctuated in the North American market throughout the said period. With a slow start at the beginning of each quarter, prices rose till the middle of both quarters and declined further till the quarter end. Hikes in price trend were attributed to improved demands which remained stable even during the dipping times, but falling prices were influenced by occasional falls in feedstock prices. Overall, prices showed mixed sentiments throughout H1’23.

Analyst Insight

According to the Procurement Resource, the Xylene prices are expected to continue similar oscillating trend, with volatile downstream demands and feedstock prices continuing to be the major influencing factor.

Procurement Resource provides latest prices of 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.