M-Xylene market showed downward trend in Asia while it was steady in Europe and US in week ending January 5.
In Korea,M-Xylene trends went down,due to weak demand from the downstream market.In the early days of last week,prices were assessed at US$1245/ton lower by US$20/ton as compared to the same period of its previous week.Prices were assessed at US$1245-1255/ton FOB Korea,during the week.
M-Xylene prices declined in S.E.Asia.Market analysts marked the spot prices of M-Xylene at US$1285-1295/ton CFR S.E.Asia.
In Europe,M-Xylene prices remained unchanged in reporting week due to sluggish regional downstream demand trends.In this market scenario,M-Xylene prices were assessed at US$1265/ton FOB Rotterdam,same as compared to its previous week.Prices were spotted at US$1265/ton FOB Rotterdam,which were steady during the week.
In US,M-Xylene prices showed similar trend as Europe last week.Downstream demand trends were sluggish in the region.Overall market sentiment was insipid.
US M-Xylene prices were witnessed in the range of 425-475(cents/gallon)FOB US.Contract prices for the month of January were settled at 466(cents/gallon)higher by 36(cents/gallon),as compared to the contract prices of December.This price increase was due to tight supply conditions in the market.
