Hamburg (Germany): After experiencing stagnation in the previous week, Mixed Xylene prices have strengthened across the European market during the fourth week of March xxxx, supported by high upstream prices coupled with tight supply across the regional market. Prices of Mixed Xylene have witnessed an increment of USD xx/MT in the German market. However, consumption of Mixed Xylene from the downstream industry has remained subdued due to unfavourable market conditions. Market players anticipate that Mixed Xylene prices might decline in the forthcoming week due to further expectations of a decrease in demand from the downstream industry.
The cost side was one of the major drivers of the uptrend as feedstock Naphtha prices have continued to rise, leading to bullish market sentiments of Mixed Xylene among the manufacturers. On the upstream front, global crude oil prices have remained above USD xx per barrel, indicating tightening in the physical...
