Germany, (Hamburg): Mixed Xylene sentiment in the European market has been mostly gloomy since the beginning of this month, weighed down by sluggish downstream demand and ample material availability. The cost support from upstream was also limited, which further supported the Mixed Xylene prices to follow a downtrend in the regional market.
Mixed Xylene prices have showcased a decrement of USD xx/MT in the German market on account of weak buying interest. Most buyers have secured only their limited needs and then retreated to the sidelines. The primary reason for this reduced demand, compared to July, was the lack of active downstream orders. In addition, feedstock Naphtha prices have also been observed on the lower end in the recent week, leading to the low production cost of Mixed Xylene in the domestic market. On the other hand, crude oil prices trended lower with the halting of...
