O-Xylene Prices In USA

• United States: 977 USD/MT

In the final quarter of 2023, o-xylene prices settling at 977 USD/MT in December 2023.

The latest report by IMARC Group, titled " O-Xylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data ," provides a thorough examination of the O-Xylene Price Trend. This report delves into the price of O-Xylene globally, presenting a detailed analysis, along with informative O-Xylene Price Chart. Through comprehensive O-Xylene Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the O-Xylene Prices , analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

O-Xylene Prices December 2023:

• United States: 977 USD/MT
• South Korea: 960 USD/MT
• Germany: 1275 USD/MT

Report Offering:

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The study delves into the factors affecting O-Xylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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O-Xylene Price Trend- Q4 2023

The o-xylene market is experiencing robust growth globally, driven by diverse factors across North America, Asia Pacific, and Europe. In North America, the US o-xylene market saw a prevailing bearish sentiment, largely influenced by declining feedstock Mixed Xylene prices, which lowered the production cost of o-xylene domestically. Additionally, the rising demand for O-xylene is driven by its extensive utilization in downstream industries such as chemicals, plastics, and pharmaceuticals. In contrast, the Asia-Pacific market for O-xylene prices is affected by factors such as slowing economic growth, reduced demand and oversupply in the domestic market contribute to the downward trajectory in prices. Besides this, in Europe, O-xylene prices are influenced by factors such as fluctuating demand from downstream industries and regulatory frameworks governing chemical production. Moreover, factory production downstream remained at reduced levels during this period, reflecting the broader challenges faced by the European chemical industry. Besides, the heightened tensions in the Israel-Palestine conflict, ongoing geopolitical issues between Russia and Ukraine, and shifts in the global energy market contributed to continuous fluctuations in chemical raw material prices, impacting terminal demand on a broader scale.

O-xylene Market Analysis

The global o-xylene market size reached US$ 4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.8 Billion, at a projected CAGR of 4.00% during 2023-2032. In the final quarter of 2023, the US o-xylene market saw a prevailing bearish sentiment, influenced by declining feedstock Mixed Xylene prices, which lowered the production cost of o-xylene domestically. This downward pressure on prices was compounded by macroeconomic challenges such as persistent inflationary pressure and elevated interest rates, limiting the purchasing power of end-users. Despite efforts by the Federal Reserve to achieve a 2% annual inflation target, the attainment of this goal was not expected for several years. Although the central bank signaled a conclusion to its rate hikes in the current cycle, ongoing uncertainties are persisting in the market growth. On the demand side, tepid inquiries from the downstream Phthalic anhydride industry reflected a weak consumption trend, further exerting pressure on sellers. Additionally, overseas market demand remained subdued as buyers refrained from actively stocking up on o-xylene, contributing to the overall downward trajectory of prices.

In the fourth quarter of 2023, o-xylene prices in the South Korean market experienced consistent declines, reflecting challenging conditions within the country's chemical industry. Additionally, various factors such as slowing economic growth, reduced demand, and oversupply in the domestic market contributed to this downturn. The decline in feedstock Mixed Xylene prices further weakened cost support for o-xylene domestically. Moreover, the demand from the downstream Phthalic anhydride industry remained subdued, particularly in the construction sector, with expectations for potential improvement in demand in the later part of Q1 2024. In Europe o-xylene prices in the German market underwent a decline, driven by a deepening economic downturn attributed to weak domestic demand. Along with this, the domestic market's sluggish demand from the downstream Phthalic anhydride industry, influenced by slow consumption from end-user construction sectors, added further pressure on o-xylene prices. Furthermore, market participants observed an acceleration in destocking activities towards the end of the year, compounded by declining feedstock Mixed Xylene prices, resulting in reduced production costs for o-xylene domestically. Hence, sufficient inventory levels mitigated the impact on overall downstream demand, contributing to bearish market sentiments for o-xylene.

Key Points Covered in the O-Xylene Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• O-Xylene Prices
• O-Xylene Price Trend
• O-Xylene Demand & Supply
• O-Xylene Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• O-Xylene Price Analysis
• O-Xylene Industry Drivers, Restraints, and Opportunities
• O-Xylene News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports By IMARC Group:

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• Glycerin Price Trend

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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