North America O-Xylene Prices Movement Q2

O-Xylene Prices in USA:

In June 2024, O-xylene Prices in the U.S. reached 1,050 USD/MT. During the second quarter, the market experienced mixed pricing trends. The rebound in new residential construction helped boost the market, as the number of housing starts increased following a significant drop in March. However, the number of building permits continued to decrease, which could indicate potential slowdowns in construction activity in the near future. These mixed factors influenced the overall price movement during the quarter.

O-Xylene Prices in South Korea:

In June 2024, the price of o-xylene in South Korea reached 1,165 USD/MT. Despite a drop in feedstock naphtha prices, the market saw an upward trend. This was mainly due to stable demand for o-xylene from the downstream phthalic anhydride industry, which benefited from steady consumption in the domestic construction sector. The continued demand from these industries helped support the increase in o-xylene prices during the quarter.

O-Xylene Prices in Germany:

In June 2024, o-xylene prices in Germany reached 1,435 USD/MT. The market experienced a downward trend, largely due to a significant decrease in feedstock naphtha prices, which lowered the cost of domestic manufacturing. Although there were delays in imports, the supply in the domestic market was enough to meet the weak demand, which helped continue the downward pressure on prices. As a result, o-xylene prices kept decreasing throughout the quarter.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “O-Xylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of O-Xylene price trend, offering key insights into global O-Xylene market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines O-Xylene demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

Request to Get the Sample Report: https://www.imarcgroup.com/o-xylene-pricing-report/requestsample

 
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