In the first half of 2023, M-Xylene's performance in the Asian market fluctuated. After China lifted the lockdown, demand increased from both domestic and international markets, leading to a rise in manufacturing. However, inventories rose and inquiries from downstream industries dipped, causing some decline in prices during the second quarter. In India, the market experienced similar fluctuations. In Europe, M-Xylene prices followed Asian trends, with occasional price dips due to excess supplies. Meanwhile, the North American market remained stable with dull sentiments, partly influenced by cheap Asian imports. Overall, the Asian market showcased mixed patterns, driven by changing demands and supply dynamics, while the European and North American markets displayed steadier conditions.
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Definition
M-Xylene is an aromatic hydrocarbon compound commonly used as a solvent, particularly in the production of paints, varnishes, and adhesives. It is derived from the benzene ring and is a colorless, flammable liquid with a distinctive aromatic odor. M-Xylene's properties make it a valuable ingredient in various industrial processes, including the manufacturing of chemicals and plastics. Its solvency and volatility characteristics contribute to its widespread use in different applications across industries.
Key Details About the M-Xylene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the M-Xylene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Mixed Xylene Prices, including India M-Xylene price, USA M-Xylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the M-Xylene Price Trend:
M-Xylene finds key industrial uses in various applications due to its excellent solvent properties and volatility. It serves as a crucial component in the production of paints, coatings, varnishes, and adhesives, where it helps dissolve and disperse various ingredients. Moreover, M-Xylene plays a vital role in the manufacturing of polyester fibers, resins, and certain plastics, contributing to the production of bottles, films, and packaging materials. Its versatility and effectiveness as a solvent make it an essential compound in several industrial processes, ranging from chemical synthesis to plastics manufacturing.
Key Players:
- Merck KGaA
- Honeywell International Inc.
- Chevron Phillips Chemical Company
- MITSUBISHI GAS CHEMICAL COMPANY INC.
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