Press release
Paraxylene Prices, Chart, Trend, Index 2024 & Forecast Analysis
๐๐๐ซ๐๐ฑ๐ฒ๐ฅ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ง ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌโข ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: 1032 USD/MT
During the second quarter of 2024, the paraxylene prices in the United States reached 1032 USD/MT in June. In Q2 2024, paraxylene prices in the USA fell due to a surplus in supply and weak demand.
The latest report by IMARC Group, titled "๐๐๐ซ๐๐ฑ๐ฒ๐ฅ๐๐ง๐ ๐๐ซ๐ข๐๐๐ฌ, ๐๐ซ๐๐ง๐, ๐๐ก๐๐ซ๐ญ, ๐๐๐ฆ๐๐ง๐, ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐๐ฐ๐ฌ, ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐ ๐๐๐ข๐ญ๐ข๐จ๐ง," provides a thorough examination of ๐๐๐ซ๐๐ฑ๐ฒ๐ฅ๐๐ง๐ ๐๐ซ๐ข๐๐๐ฌ. This report delves into the price of paraxylene globally, presenting a detailed analysis, along with informative paraxylene price chart. Through comprehensive 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 demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
๐๐๐ซ๐๐ฑ๐ฒ๐ฅ๐๐ง๐ ๐๐ซ๐ข๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข ๐๐๐ฉ๐๐ง:1048 USD/MT
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ข๐ณ๐ณ๐ฒ๐ฟ๐ถ๐ป๐ด:
โข ๐ ๐ผ๐ป๐๐ต๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
โข ๐ค๐๐ฎ๐ฟ๐๐ฒ๐ฟ๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
โข ๐๐ถ๐ฎ๐ป๐ป๐๐ฎ๐น๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/paraxylene-pricing-report/requestsample
๐๐๐ซ๐๐ฑ๐ฒ๐ฅ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ง๐- ๐๐ ๐๐๐๐
The rising demand for purified terephthalic acid (PTA), which is a key component in the production of polyester fibers and polyethylene terephthalate (PET) plastics, is creating a positive outlook for the market. Moreover, the increasing consumption of polyester in the textile industry for clothing and home furnishings is driving the market growth. Additionally, the heightened demand for PET bottles in the packaging sector for beverages and food is boosting the market growth. Furthermore, the rising urbanization and infrastructure development, boosting the need for construction materials that utilize polyester-based products, is anticipated to drive the market growth.
Besides this, the burgeoning need for lightweight polyester materials in the automotive industry to reduce vehicle weight improving fuel efficiency is boosting the market growth. In addition to this, rapid technological advancements in paraxylene production processes, such as the development of more energy-efficient methods to meet the increasing demand while reducing environmental impact, are enhancing the market growth.
ย ๐๐๐ซ๐๐ฑ๐ฒ๐ฅ๐๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
During the last quarter in Belgium, paraxylene prices witnessed a downward trend, influenced by several market dynamics. The most significant factor was the ongoing surplus in supply, with production consistently outpacing demand. Moreover, the reduced purchasing activity in several downstream industries like PET and polyester contributed to this trend.
This slack in demand was partly due to weakened economic conditions and rising geopolitical concerns, which led to cautious purchasing behavior from key industries. Adding to the price pressure, the global decline in crude oil prices had a direct effect on the cost structure of paraxylene. As a derivative of crude oil, lower raw material costs drove down production expenses, contributing further to the drop in paraxylene prices.
Belgium's market also mirrored the broader European sentiment, where overall economic uncertainty and subdued industrial activity weighed on the paraxylene pricing environment. Seasonal factors, typically impacting polyester consumption, also played a role, further contributing to the price decline. The culmination of these factors resulted in a significant decrease in paraxylene prices in Belgium throughout the last quarter.ย
๐๐ฉ๐๐๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ : https://www.imarcgroup.com/request?type=report&id=22610&flag=C
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ป๐ฎ๐น๐๐๐ถ๐:
โข ๐๐๐ถ๐ฎ ๐ฃ๐ฎ๐ฐ๐ถ๐ณ๐ถ๐ฐ: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
โข ๐๐๐ฟ๐ผ๐ฝ๐ฒ: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
โข ๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: United States and Canada
โข ๐๐ฎ๐๐ถ๐ป ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โข ๐ ๐ถ๐ฑ๐ฑ๐น๐ฒ ๐๐ฎ๐๐ & ๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
๐ก๐ผ๐๐ฒ: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐:
๐๐ ๐๐ฅ๐ ๐๐ฟ๐ผ๐๐ฝ
134 N 4th St. Brooklyn, NY 11249, USA
๐๐บ๐ฎ๐ถ๐น: sales@imarcgroup.com
๐ง๐ฒ๐น ๐ก๐ผ:(๐) +91 120 433 0800
๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐: +1-631-791-1145
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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