Mixed Xylene prices diverged in the USA and Germany in first two weeks of April as demand and supply situations changed in both the countries.
Mixed Xylene prices in the USA were moderately inclined in the first week of April, as the price of feedstock naphtha slightly increased while the domestic consumption was stable. From the downstream sector, the prices for polyethylene terephthalate (PET) prices were stable, and phthalic anhydride had a slight uptick, which indicated healthy consumption in plastics, paints and coatings. In general, production was steady, and there were no supply disruptions. However, inventories were observed to be slightly tight, reinforcing a sentiment of mildly firming fundamentals
Supply of Mixed Xylene in the USA remained steady, with production levels in line with seasonal norms. However, mild cost pressure on production costs developed due to the increase in feedstock naphtha prices. Demand was stable from...
