Bearish sentiments spilled over to the European Mixed Xylene market in early January 2024

Bearish sentiments spilled over to the European Mixed Xylene market in early January 2024

Jai Sen 12-Jan-2024

After experiencing a bullish rally in the prior month, Mixed Xylene prices have decreased in the European market during the first week of January xxxx. Although market players anticipate Mixed Xylene prices might recover due to the weak demand, Mixed Xylene prices have operated at a low level across the regional market. Furthermore, oversupply along with stable feedstock prices has further supported the prices to follow a downward trend.

The Mixed Xylene market has been subdued across the German market as most players are yet to get back into harness following year-end festivities. According to ChemAnalyst&#xx;s latest database, prices of Mixed Xylene have demonstrated a decrement of USD xx/MT during the week ending xth January xxxx. For the past three weeks, feedstock Naphtha prices have been stagnant, resulting in the stable domestic production cost of Mixed Xylene. On the upstream front, international crude oil prices plunged by...

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