Paraxylene Price In USA
- United States: 1032 USD/MT
During the second quarter of 2024, the paraxylene prices in the United States reached 1032 USD/MT in June.
The latest report by IMARC Group, titled “Paraxylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of paraxylene prices. This report delves into the price of paraxylene globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Paraxylene Prices Analysis
- Japan: 1048 USD/MT
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The study delves into the factors affecting paraxylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/paraxylene-pricing-report/requestsample
Paraxylene Price Trend- Last Quarter
A number of variables are coming together to boost the xylene market and propel its development trajectory. Global demand for PET (polyethylene terephthalate) resin, which is mostly used to make bottles and packaging materials, is growing, which is driving up the need for paraxylene, a crucial precursor to PET manufacture. Moreover, the growing textile sector, especially in developing nations, increases the need for polyester fibers and, consequently, for xylene as a raw ingredient. The demand for polyester goods is also rising due to rising levels of disposable income and urbanization in emerging nations, which is supporting the xylene industry. Technological advances in Paraxylene manufacturing techniques, such as catalytic reforming and crystallization, are also boosting efficiency and driving market growth.
Paraxylene Industry Analysis
In the North American area, xylene saw a negative trend during the fourth quarter of 2023. Prices fell as a result of lower demand from downstream sectors including PET Bottle and PTA, where supply levels were between moderate and high. October saw a slowdown in demand, which was caused by the US government’s reduction in the price of crude oil. However, October and November’s supply of domestic goods was more than sufficient to fulfill demand. Meanwhile, the US manufacturing industry continued to fall in December due mostly to a decrease in new orders, which was a reflection of weaker customer demand amid rising anxiety about the state of the world economy. Additionally, the external demand environment deteriorated, resulting in a decrease in new export orders, albeit at a fractional rate.
In the fourth quarter of 2023, the APAC paraxylene market saw a negative trend driven mostly by volatile naphtha prices in the Asia market. Regional differences in market attitude were evident even though the downstream market was quite constant with a moderate supply and demand. A prolonged fall in new orders was observed in the Japanese market, which was ascribed to slower demand from outside and weaker internal economic conditions. In spite of this, manufacturers ramped up hiring and procurement, suggesting they were ready for higher production levels.
The fourth quarter of 2023 saw low demand for xylene in the European market, mostly as a result of declining demand from the packaging and bottling sectors downstream. The market was also affected by low-cost import offers from the Asian market, weak circumstances, and falling crude oil prices. The major causes of the drop in xylene pricing were the low price of feedstock and the muted demand downstream. December saw a decrease in the number of workers employed by Eurozone manufacturers as they made adjustments to decreased capacity utilization. At the same time, delivery dates were stretched due to reduced demand and excess product availability. Subdued demand throughout European markets led to the overall bearish trend in European xylene prices during the fourth quarter of 2023, notwithstanding slower decreases in new work from outside.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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