Hamburg, (Germany): Heading into the third week of June xxxx, Ortho-xylene (o-xylene) has significantly decreased across the European market due to weak raw material prices. Additionally, demand from the downstream derivative industry remains subdued amid ongoing economic challenges. The expected seasonal surge in the construction sector has not materialized, and despite domestic crackers maintaining reduced run rates and decreased import offers from Asia, sufficient material availability has supported a downward trend in regional prices.
According to the latest data from ChemAnalyst, o-xylene prices in Germany have dropped by USD xx/MT, reflecting continued weak market fundamentals. The domestic production cost of o-xylene has eased significantly, primarily due to a substantial reduction in feedstock Mixed Xylene prices, which has exerted downward pressure on domestic o-xylene prices. Furthermore, operating rates have remained low as downstream industry demand has not fully recovered domestically. Market participants noted that recent heavy rainfall and...
