Hamburg, (Germany): OrthO-Xylene (O-Xylene) prices have remained on a soft note across the European market during the second week of July xxxx amid a pessimistic demand picture. However, the availability of O-Xylene was tight amid reduced import availability as a result of rising freight rates, reflecting the strain of supply-demand imbalances.
As per ChemAnalyst, prices of O-Xylene witnessed a declination of USD xx/MT weekly in the German domestic market. The demand for O-Xylene from the downstream Phthalic anhydride industry has been muted in the domestic market as the demand from the key end-user construction sector was below seasonal expectations which weighed down the prices of O-Xylene in the domestic market. Also, the fewer number of inquiries and low requests make it more challenging for converters to smoothly sell their end products, which in turn reduces their purchasing volumes.
As per the market sources, the...
