North America Paraxylene Prices Movement Q2
Paraxylene Prices in USA:
|
Product |
Category |
Price |
|
Paraxylene |
Feedstock |
1032 USD/MT
|
During the second quarter of 2024, paraxylene prices in the United States experienced a downward trend, settling at 1032 USD/MT in June. The price decline was primarily driven by an oversupply in the market and weakened demand across key downstream sectors, particularly the polyester industry. Seasonal slowdowns in polyester production further exacerbated the lack of demand, as consumption dropped during this period.
The availability of inexpensive raw materials, including feedstocks like naphtha, also contributed to the downward pricing pressure. As production remained consistent, it began to outpace actual demand, resulting in inventory build-ups and an overall subdued pricing environment. This imbalance in supply and demand added to the bearish sentiment in the market, as manufacturers struggled to adjust output levels to align with consumption patterns.
Additionally, macroeconomic conditions, including inflationary pressures and cautious purchasing behavior from buyers, further influenced market dynamics. The subdued economic activity, coupled with reduced downstream procurement, prevented any significant recovery in prices during the quarter.
Overall, the paraxylene market in the United States faced a combination of oversupply, low seasonal demand, and stable raw material availability, keeping prices under pressure and reflecting a challenging outlook for producers throughout Q2 2024.
Paraxylene Prices in Japan:
|
Product |
Category |
Price |
|
Paraxylene |
Feedstock |
1048 USD/MT |
In Q2 2024, paraxylene prices in Japan rose to $1,048 per metric ton in June. This increase was driven by strong seasonal demand and higher crude oil prices. Supply chain disruptions and changes in import strategies also contributed to the price rise. These combined factors led to significant price increases during the quarter.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Paraxylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Paraxylene price trend, offering key insights into global Paraxylene market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Paraxylene demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Request to Get the Sample Report: https://www.imarcgroup.com/paraxylene-pricing-report/requestsample
Key Features:
|
Key Attributes |
Details |
|
Product Name |
Paraxylene |
|
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Paraxylene Price Analysis, and Segment-Wise Assessment. |
|
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
|
Information Covered for Key Suppliers |
· Company Overview · Business Description · Recent Trends and Developments |
|
Customization Scope |
The report can be customized as per the requirements of the customer |
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