Hamburg, (Germany): Despite the persistent sluggishness in buying sentiments, Mixed Xylene prices have continued to rise across the European market during the third week of February xxxx. The manufacturers are pointing to rising energy and feedstock prices as well as limited supplies across the regional market to justify their further hike attempts. Furthermore, players were concerned about the ripple effects of the Red Sea diversions, keeping imports out of the market. Despite recent corrections, global ocean freight rates stand well above the pre-crisis level.
Prices of Mixed Xylene have shown an increment of USD xx/MT in the German market. The feedstock naphtha prices have continued to rise amid tight supply, which in turn resulted in the high production cost of Mixed Xylene in the domestic market, supporting the prices to follow an uptrend. On the upstream front, the crude oil prices settled higher as geopolitical tensions in...
