Texas, (US): In the third week of May xxxx, Ortho-Xylene (o-xylene) prices have softened across the US market. Low upstream costs and adequate inventories were the main culprits behind the bearish trend in the regional market. However, demand for o-xylene from the downstream Phthalic anhydride industry has steadily improved, with expectations that it may increase in the coming weeks.
According to ChemAnalyst&#xx;s latest database, prices of o-xylene have declined by USD xx/MT in the US market. The raw material Mixed Xylene prices have continuously decreased, resulting in lower production costs for Mixed Xylene and a downward shift in the price realization of o-xylene in the domestic market. Additionally, crude oil prices have fluctuated since the start of May xxxx; however, in the last week, crude oil prices edged up, illustrating a stabilizing US job market. This has fuelled expectations that the Federal Reserve could begin to...
