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o-Xylene values in the US moved decisively higher through March, supported by tightening feedstock availability, stronger coatings demand and escalating disruptions linked to the Middle East war. Early-month trading held steady as phthalic anhydride and alkyd resin makers increased operating schedules for the spring coatings push, keeping inquiries firm even as buyers navigated rising cost pressure and uneven downstream pull across key sectors.
Mid-month softness in polyester and PET demand trimmed incremental appetite, with resin makers in the Midwest reducing blend ratios and moderating o-Xylene requirements. However, constrained offshore inflows and sharply higher freight and insurance premiums tied to the Middle East war limited supply relief. These constraints magnified the impact of rising naphtha and reformate costs, reinforcing a bullish tilt that intensified as the month progressed and tightened spot liquidity of o-Xylene across Gulf Coast hubs.
Demand patterns diverged across end-use sectors....
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