Rotterdam (The Netherlands): Mixed Xylene prices have risen across the European market in the first week of February xxxx. The increase can be attributed to rising energy and raw material prices, elevated freight rates, and a total absence of shipments from Asia. However, demand for Mixed Xylene from the downstream derivative industry has not shown much enthusiasm, although it has had a limited impact on prices across the regional market. Additionally, the market direction in the near term is unclear, caught between cost escalations on one hand and weak demand on the other.
Prices of Mixed Xylene have increased by USD xx/MT in the German market. International crude oil prices have remained strong amidst geopolitical conflict, coupled with deep-freezing temperatures in the US. Both WTI and Brent crude, the two main oil benchmarks, surged to a two-month peak last week, marking their largest weekly increase of x.xx...
