In Q1 2025, Orthoxylene prices in South Korea rebounded slightly to $913.33/MT, marking an 4.19% increase from the previous quarter. This upward movement was driven by a mild recovery in domestic demand following the post-holiday industrial slowdown in early 2025. As the market adjusted to new supply levels and feedstock prices began to stabilize, manufacturers ramped up their production, particularly in plastics and automotive sectors. Despite the soft demand in the previous quarter, the market seemed to regain balance with improved industrial activity, contributing to the slight increase in prices.
In Q4 2024, Ortho xylene 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 Ortho xylene 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.
In Q3 2024, the Ortho xylene market in South Korea saw a slight rebound with prices reaching $1001.67/MT, representing a 0.92% increase from Q2. The Ortho Xylene 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.
In Q2 2024, Ortho xylene 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.
In Q1 2024, Ortho xylene 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 Ortho xylene 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.
In Q1 2025, the Orthoxylene market in India (Bulk Mumbai) witnessed a moderate rebound, with prices averaging INR 95,333/MT, reflecting a 9.3% increase from the previous quarter. This recovery was supported by improved demand from downstream sectors such as plasticizers, resins, and phthalic anhydride, following a period of muted activity during the year-end. A mild increase in global market sentiment and better inventory turnover contributed to renewed buying interest in the domestic market.
During Q4 2024, the market for Orthoxylene in India (Bulk Mumbai) recorded a sharp decline in prices to INR 85,530/MT, down by 13.4% from Q3. This downturn was driven by weakened demand from downstream segments like dyes, coatings, and plasticizers, especially after the festive season rush. High inventory levels and the availability of competitively priced imports put pressure on local suppliers, causing a price correction. The market remained cautious as buyers delayed procurement in anticipation of further softening.
In Q3 2024, Orthoxylene prices in India (Bulk Mumbai) fell to an average of INR 98,943/MT, registering a 14.7% decrease compared to Q2. The monsoon season typically slows demand from industries like construction chemicals and automotive coatings, which, combined with stable imports and limited export activity, added downward pressure on prices. Overall, the market was adequately supplied, and buyers remained selective amid continued weakness in the downstream sector.
Q2 2024 marked a strong quarter for the Orthoxylene market in India (Bulk Mumbai), with average prices surging to INR 116,000/MT, up by 24.3% from Q1. This sharp increase was attributed to robust consumption from resins and phthalic anhydride manufacturers driven by seasonal demand and bulk purchasing. The domestic market also felt the impact of limited international supply and firm upstream crude values, which elevated production costs. Additionally, logistical bottlenecks supported firmer pricing.
In Q1 2024, Orthoxylene prices in India (Bulk Mumbai) averaged INR 93,333/MT, showing a stable tone with minor upward movements. Pre-fiscal year-end stocking from downstream sectors like coatings, intermediates, and plasticizers maintained healthy market sentiment. Supply conditions remained normal, and domestic producers benefited from steady demand while clearing previous inventories. The market maintained a balanced outlook, supported by moderate upstream pricing trends.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
o-Xylene is largely used in the production of Phthalic anhydride, which is a precursor to many materials, drugs, and other chemicals. Related to their easy oxidation, the methyl groups are susceptible to halogenation. When treated with elemental Bromine, these groups are brominated, yielding xylylene dibromide.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Properties | Specification |
Density | 0.88 g/cm3 (25 °C) |
Explosion limit | 1.0 - 7.6 %(V) |
Flash point | 32.0 °C |
Ignition temperature | 465 °C |
Melting Point | -25.2 °C (ECHA) |
Vapor pressure | 13.37 h Pa (32.22 °C) |
Solubility | 0.18 g/l |
Storage class | 3 Flammable liquids |
WGK | WGK 2 obviously hazardous to water |
colour | Clear Colourless |
Boiling Point | 143-145°C |
Applications
Ortho Xylene is an important compound in the manufacture of plasticizers. Ortho xylene is also used as a solvent in the manufacture of paint, varnish, glue, printing ink, insecticides, dyes and in the rubber and pharmaceutical product industries.
The pricing of Ortho Xylene is influenced by several key factors, including the cost of crude oil and feedstocks like naphtha and xylene isomers. Supply and demand dynamics play a crucial role, as fluctuations in industrial demand from sectors such as plastics, textiles, and solvents can impact prices. Additionally, geopolitical events, natural disasters, and changes in production capacity also contribute to price volatility. Understanding these factors is essential for procurement heads to make informed purchasing decisions.
To forecast Ortho Xylene prices effectively, procurement teams should analyse market trends, historical price data, and economic indicators such as industrial production rates and global demand. Engaging with industry reports and expert analyses can provide deeper insights into market conditions. Additionally, tracking changes in raw material costs and supply chain dynamics will help refine price forecasts, allowing for better budgeting and purchasing strategies.
To mitigate price fluctuations in Ortho Xylene, procurement heads can implement several strategies. Establishing long-term contracts with suppliers can help stabilize prices and ensure consistent supply. Diversifying the supplier base reduces risk by avoiding dependency on a single source. Additionally, maintaining an agile inventory management system that allows for bulk purchasing during price dips can help optimize costs. Regularly reviewing market conditions and adjusting procurement plans accordingly will further enhance cost management efforts.
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