After experiencing a bearish trend in Qx xxxx, Ortho-Xylene (o-Xylene) prices have gained downward stability across the North- American market during the last quarter of xxxx. The weak cost pressure from feedstock as well as volatile crude oil prices, and lackluster downstream demand have supported the current price trend of o-Xylene. However, the market outlook for o-Xylene in the first quarter of xxxx remains somewhat gloomy due to the ongoing effects of inflation and high interest rates in industries. In addition, market players anticipate, demand from the downstream Phthalic anhydride is not likely to improve until the second quarter of xxxx.
According to ChemAnalyst, prices of o-Xylene have showcased stability with a marginal decrement of USD x/MT in the US market during December xxxx. The feedstock Naphtha prices have dropped amid weak demand from other end-user industries which resulted in the low production cost of...
