Towards the last week of February xxxx, Ortho-Xylene (o-xylene) prices have been on a bullish note across the European market due to severe supply constraints, stemming from upstream challenges and the ongoing disruption in the Suez Canal. Additionally, import prices have reached their highest levels due to longer transit times and elevated shipping costs resulting from the unrest in the Red Sea, triggering notable hikes. Needless to say, the limited availability of finished o-xylene stock has played a key role in the bull run across the European market. However, underlying demand has remained soft and stable amid the fragile macroeconomic climate. Market participants are anticipating a potential increase as the spring season begins.
Prices of o-xylene have shown an increment of USD xx/MT in the German market. The cost support from feedstock Mixed Xylene was sufficient for o-xylene as its prices settled on the higher end within...
