In the first week of May, mixed xylene prices in the US market. This marked a continuation of the prior week’s upward trajectory. The increase was primarily attributed to tightening supply conditions, and logistical bottlenecks. Feedstock naphtha prices declined, largely in line with the weakness from global crude oil, but the demand from downstream PET and phthalic anhydride markets and firm sentiment with limited availability supported the bullish movement of mixed xylene prices.
Mixed Xylene prices increased by x.xx to USD xxx/MT FOB Texas during the first week of May. In the second week of May, prices reversed and dropped by x.xx. The modest drop in feedstock costs and weak downstream demand were enough to overwhelm the whole market in terms of bearish pressure for the week. PET and phthalic anhydride prices also weakened, and export-driven demand had softened, which led...
