Mumbai, (India): Heading into the final week of June xxxx, m-Xylene prices have maintained a firm stance in the Asian market due to persistently high freight rates and limited ship availability, which have hindered spot trade discussions. Furthermore, robust demand from the downstream industry has bolstered prices, leading to an uptrend in the regional market. Conversely, in Europe, prices of m-Xylene have edged lower following a decline in feedstock prices. Demand from downstream derivatives has remained stable, supported by comfortable inventories across the region, contributing to a downward adjustment in m-Xylene prices.
In the Indian market, m-Xylene prices have risen by USD xx/MT, driven by increased buying interest from the downstream Isophthalic acid industry, causing short-term supply constraints. However, despite recent crude oil price rallies lowering production costs domestically, feedstock Mixed Xylene prices have decreased, with minimal impact on m-Xylene prices.
Domestically, manufacturing firms have slightly...
