Texas, (US): Heading towards the third week of July Ortho- Xylene (o-xylene) prices have been easing steadily across the North- American market with converters inundated with concerns over declining scope for margin recovery. Furthermore, a few producers of o-xylene who have been holding excess inventories were faced with the challenge of clearing their unsold inventories ahead of summer maintenance activity in the regional market. Meanwhile, July contract price negotiations concluded with a drop in prices, reflecting the dim market fundamentals and bearish upstream costs.
Prices of o-xylene have showcased a stagnancy with a marginal declination of USD x/MT on a weekly basis in the US market. At the same time Mixed Xylene prices have been observed on a stable note in recent weeks, leading to stability in the production cost of o-xylene in the domestic market. On the other hand, crude oil prices experienced significant volatility last...
