Ortho Xylene Price Trend Analysis: Q4 2024
In Q4 2024, Orthoxylene prices in South Korea saw a significant decline, averaging $876.67/MT, a 12.45% decrease from Q3. This sharp drop was primarily due to a reduction in downstream consumption, especially in the plastics and coatings industries, which typically experience slower demand in the later months of the year.
The economic slowdown globally, coupled with lower feedstock prices, added further downward pressure on Orthoxylene prices. Additionally, a stronger supply from global producers, including increased imports, contributed to the softening of the market, creating downward pressure on prices in South Korea.Â
Ortho Xylene Price Trend Analysis: Q3 2024
In Q3 2024, the Orthoxylene market in South Korea saw a slight rebound with prices reaching $1001.67/MT, representing a 0.92% increase from Q2. The price recovery was largely driven by a revival in industrial demand, especially from sectors like plastics and pharmaceuticals, which had seen a temporary dip earlier in the year.
The global supply chain, which had been somewhat disrupted during Q2, also began to stabilize, and increased availability of raw materials helped meet the rising demand. Moreover, logistical improvements led to more competitive pricing, supporting the uptick in prices during the third quarter.Â
Ortho Xylene Price Trend Analysis: Q2 2024
In Q2 2024, Orthoxylene prices in South Korea showed a slight decrease, averaging $992.42/MT, representing a 1.16% drop from Q1. This decline can be attributed to a mild slowdown in demand during the second quarter, particularly from the textiles and automotive industries, which typically see reduced activity due to seasonal factors.
Additionally, the logistical challenges that impacted imports earlier in the year had somewhat eased, resulting in better supply chain efficiency and slightly lower prices. Despite the dip, the overall market remained stable as production continued without significant disruptions in the region.Â
Ortho Xylene Price Trend Analysis: Q1 2024
In Q1 2024, Orthoxylene prices in South Korea were reported at $1004.04/MT, reflecting a relatively stable market compared to the previous quarter. Prices were slightly higher due to strong demand from downstream sectors, such as pharmaceuticals and plastics, which rely on Orthoxylene in their production processes.
Additionally, the general market sentiment was supported by steady feedstock availability, and global logistical disruptions did not heavily impact imports or exports during this period. The stable demand from key industries, combined with a balanced supply chain, helped sustain prices during the first quarter of 2024.Â