O-Xylene Prices, Monitor, Historical Data, News 2024, Analysis and Forecast

𝗢-𝗫𝘆𝗹𝗲𝗻𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯: 

• 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: 977 USD/MT
• 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮: 960 USD/MT
• 𝗚𝗲𝗿𝗺𝗮𝗻𝘆: 1275 USD/MT
 

In Q4 2023, O-Xylene prices fell in the US ($977/MT), South Korea ($960/MT), and Germany ($1275/MT) due to reduced production costs, weak demand, and economic pressures.

 The latest report by IMARC Group, titled " 𝗢-𝗫𝘆𝗹𝗲𝗻𝗲 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰: 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱, 𝗖𝗵𝗮𝗿𝘁, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗲𝘄𝘀, 𝗗𝗲𝗺𝗮𝗻𝗱, 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗗𝗮𝘁𝗮," provides a thorough examination of the O-Xylene Price Trend. This report delves into the price of O-Xylene globally, presenting a detailed analysis, along with an informative O-Xylene Price Chart. Through comprehensive O-Xylene Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the O-Xylene Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.
  

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴: 

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 - Annual Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 - Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 - Annual Subscription

The study delves into the factors affecting O-Xylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/o-xylene-pricing-report/requestsample
  

𝗢-𝗫𝘆𝗹𝗲𝗻𝗲 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱- 𝗤𝟰 𝟮𝟬𝟮𝟯

The o-xylene market is experiencing robust growth globally, driven by diverse factors across North America, Asia Pacific, and Europe. In North America, the US o-xylene market saw a prevailing bearish sentiment, largely influenced by declining feedstock Mixed Xylene prices, which lowered the production cost of o-xylene domestically. Additionally, the rising demand for O-xylene is driven by its extensive utilization in downstream industries such as chemicals, plastics, and pharmaceuticals. In contrast, the Asia-Pacific market for O-xylene prices is affected by factors such as slowing economic growth, reduced demand and oversupply in the domestic market contribute to the downward trajectory in prices. Besides this, in Europe, O-xylene prices are influenced by factors such as fluctuating demand from downstream industries and regulatory frameworks governing chemical production. Moreover, factory production downstream remained at reduced levels during this period, reflecting the broader challenges faced by the European chemical industry. Besides, the heightened tensions in the Israel-Palestine conflict, ongoing geopolitical issues between Russia and Ukraine, and shifts in the global energy market contributed to continuous fluctuations in chemical raw material prices, impacting terminal demand on a broader scale.

𝗢-𝘅𝘆𝗹𝗲𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

The global o-xylene market size reached 𝗨𝗦$ 𝟰 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟯. 𝗕𝘆 𝟮𝟬𝟯𝟮, IMARC Group expects the market to reach 𝗨𝗦$ 𝟱.𝟴 𝗕𝗶𝗹𝗹𝗶𝗼𝗻, 𝗮𝘁 𝗮 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟰.𝟬𝟬% 𝗱𝘂𝗿𝗶𝗻𝗴 𝟮𝟬𝟮𝟯-𝟮𝟬𝟯𝟮. In the final quarter of 2023, the US o-xylene market saw a prevailing bearish sentiment, influenced by declining feedstock Mixed Xylene prices, which lowered the production cost of o-xylene domestically. This downward pressure on prices was compounded by macroeconomic challenges such as persistent inflationary pressure and elevated interest rates, limiting the purchasing power of end-users. Despite efforts by the Federal Reserve to achieve a 2% annual inflation target, the attainment of this goal was not expected for several years. Although the central bank signaled a conclusion to its rate hikes in the current cycle, ongoing uncertainties are persisting in the market growth. On the demand side, tepid inquiries from the downstream Phthalic anhydride industry reflected a weak consumption trend, further exerting pressure on sellers. Additionally, overseas market demand remained subdued as buyers refrained from actively stocking up on o-xylene, contributing to the overall downward trajectory of prices.

In the fourth quarter of 2023, o-xylene prices in the South Korean market experienced consistent declines, reflecting challenging conditions within the country's chemical industry. Additionally, various factors such as slowing economic growth, reduced demand, and oversupply in the domestic market contributed to this downturn. The decline in feedstock Mixed Xylene prices further weakened cost support for o-xylene domestically. Moreover, the demand from the downstream Phthalic anhydride industry remained subdued, particularly in the construction sector, with expectations for potential improvement in demand in the later part of Q1 2024. In Europe o-xylene prices in the German market underwent a decline, driven by a deepening economic downturn attributed to weak domestic demand. Along with this, the domestic market's sluggish demand from the downstream Phthalic anhydride industry, influenced by slow consumption from end-user construction sectors, added further pressure on o-xylene prices. Furthermore, market participants observed an acceleration in destocking activities towards the end of the year, compounded by declining feedstock Mixed Xylene prices, resulting in reduced production costs for o-xylene domestically. Hence, sufficient inventory levels mitigated the impact on overall downstream demand, contributing to bearish market sentiments for o-xylene.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/o-xylene-pricing-report

𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗢-𝗫𝘆𝗹𝗲𝗻𝗲 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• O-Xylene Prices
• O-Xylene Price Trend
• O-Xylene Demand & Supply
• O-Xylene Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• O-Xylene Price Analysis
• O-Xylene Industry Drivers, Restraints, and Opportunities
• O-Xylene News and Recent Developments
• Global Event Analysis
• List of Key Players

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 

• 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

𝗡𝗼𝘁𝗲: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀: 

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼:(𝗗) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀: 

IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.