Hamburg, (Germany): The Mixed Xylene market in Europe and Asia has been on a downward trajectory for nearly two months due to a combination of abundant supply and subdued demand which have been exacerbated by economic headwinds in the region. Despite the decline in energy prices, feedstock prices have been observed on the higher end, but it had a minimal impact on the prices of Mixed Xylene.
Mixed Xylene prices in Europe鈥檚 largest economy, Germany, declined with a reduction in spot deal settlement during the first week of September. Market participants reported that softer premiums heard during the week were supported by a drop in crude oil prices. Conversely, feedstock Naphtha prices have consistently increased, Mixed Xylene offers were largely heard to have remained lower, with producers attributing this to a persistently weak market.
Additionally, demand for Mixed Xylene with market sources indicated largely...
