Amid bullish feedstock Naphtha prices and global shipping turmoil, European Mixed Xylene prices increase

Amid bullish feedstock Naphtha prices and global shipping turmoil, European Mixed Xylene prices increase

Rene Swann 30-Jan-2024

Rotterdam (The Netherlands): Mixed Xylene prices have persistently increased across the European market in the last week of January xxxx, supported by high upstream costs and inadequate inventories within the regional market. Although demand from the downstream industry has remained inactive amid macroeconomic headwinds and low seasonality, it was insufficient to drive the price realizations of Mixed Xylene to lower levels in the region. On the other hand, Red Sea instability wreaked havoc on all markets, including Mixed Xylene. The crisis caused the maritime industry to suffer from soaring freight charges, equipment shortages, supply delays, and longer lead times, resulting in the largest disruption to supply chains since the pandemic.

According to ChemAnalyst&#xx;s latest database, Mixed Xylene prices have witnessed an increment of USD xx/MT in the German market. Cost support from feedstock Naphtha was sufficient for Mixed Xylene as its prices settled on the higher end...

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.