India’s o-xylene market continued sustained bearish momentum in August 2025, completing a 6-week downward trend. Feedstock naphtha pricing fluctuated, yet local productions were adequate and downstream demand from phthalic anhydride and plasticizers remained weak due to seasonality. With refineries working high utilization rates, purchase was generally lean, and normal seasonal monsoon malaise deterred construction activity, the weak sentiment continued to hold for the time being.
Key Highlights
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India&#xx;s o-xylene markets maintained a bearish trend for the x weeks during August.
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O-xylene domestic producers have provided a steady supply as refiners operated close to capacity (around xx-xxx).
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Feedstock naphtha prices have fluctuated upwards, but there has not been enough impact on supply, given the situation at some domestic suppliers.
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Downstream demand for o- xylene remained weak from phthalic anhydride, which is used to make plasticizers for PVC.
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Construction activity was limited due to the monsoon season, which had limited resin and coatings consumption.
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Discipline remained in place with o-xylene buyers, following formula contracts and not driving spot purchase, which suggested lean inventories.
The demand for o-xylene from key downstream sectors remained stable but underwhelming. Downstream Phthalic anhydride was stable but mild, with unspectacular demand as PVC converters and plasticizer manufacturers only purchased to the extent of...
