During the final two weeks of April, the m-Xylene market flashed diverging trends from Japan to India. In Japan, during the last week of the month April, we started to see a modest price increase, while India also had a relatively similar price over the same timeframe.
In Japan, m-Xylene prices were stable at USD xxx/MT Ex-Tokyo through the week ending xx April, consistent with last week prices. Stability reflects the balance between consistent production levels and adequate amount of inventory. While there have been some minor increases in upstream energy markets, especially feedstock naphtha, overall cost pressure was not significant enough to impact an immediate movement in m-xylene prices.
In the fourth week of April, however, m-Xylene price increased by x.xx from last week, moving to USD xxx/MT Ex-Tokyo on xx April. Price increases were largely driven by feedstock...
