Hamburg (Germany): European Mixed Xylene markets failed to sustain their short upturn, which began in the first half of April, supported by costs and tight supply. The upward movement was followed by a one-week stability before prices experienced renewed drops over the second week of May xxxx due to falls in upstream markets and weakened buying power.
Prices of Mixed Xylene have decreased by USD xx/MT in the German market. The key feedstock, naphtha prices, in the domestic market have continued to drop amid ample supply, combined with the recent slump in crude oil prices. Therefore, most manufacturers of Mixed Xylene have adjusted their offers downward, citing easing cost support. On the other hand, a market source report, in the first two weeks of May, observed US crude oil exports to Europe estimated to rebound, averaging at least x.x million barrels per day (bpd), up by a...
