Texas, (US): In the first week of June xxxx, Mixed Xylene prices have inched lower across the US market due to weak derivative demand and the decreasing cost of production. The fragile buying sentiment was further dampened by sharp volatility in crude oil futures, coupled with weekly losses in feedstock prices. Additionally, the sufficient supply kept surpassing downstream demand despite notably lower production rates amid the ongoing market uncertainty.
According to ChemAnalyst&#xx;s latest database, prices of Mixed Xylene have decreased by USD xx/MT in the US domestic market. The cost support from feedstock Naphtha was limited as its prices persistently decreased in the domestic market, leading to a bearish market sentiment for Mixed Xylene among manufacturers. Additionally, global crude oil prices have been under pressure after the OPEC+ group detailed plans to increase supply from October onwards despite recent signs of weakening demand growth. As per the...
