During May xxxx, the m-Xylene market in both India and Japan witnessed a largely stable pricing trend, supported by balanced supply-demand dynamics and minimal external disruptions. M-Xylene prices remained largely insulated despite unstable feedstock trend, reflecting steady downstream demand and consistent local production environments.
m-Xylene prices began in India at USD xxxx/MT Ex-Mumbai and softened slightly by xx during week two. This largely reflected a decline in feedstock naphtha prices as global crude oil benchmarks weakened rather than any volatility affecting commodities prices. The price correction was driven by more domestic market sentiment than any adjustment in an external commodity volatility. Demand by downstream polyethylene terephthalate (PET) producers remained firm and production activity continued to be stable with a relatively abundant supply of naphtha feedstock with no interruptions. No reports of major disruptions surfaced that could impact m-Xylene prices through a...
