The global Xylene 85% price trend for 2024 shows noticeable fluctuations across the year. Here’s a brief analysis:
Early Year (January - March): Prices start moderately high in January and see a gradual increase through February and March. This rise may be driven by steady industrial demand and limited supply adjustments post-holidays.
Mid-Year (April - June): There is a peak in April followed by a slight dip in May and a rebound in June. The fluctuations could be due to seasonal factors, maintenance shutdowns in production facilities, or changes in raw material costs.
Late Year (July - December): Prices experience some volatility but generally trend downwards from July to December, with occasional small rebounds. This decline might be attributed to market adjustments, reduced demand in certain industries, or increased supply levels. The year ends with a relatively lower price compared to the mid-year peak, possibly reflecting the typical end-of-year slowdown in industrial activity.
Overall, the Xylene 85% market in 2024 shows typical seasonal trends with both demand-driven peaks and corrections, influenced by industry cycles, supply chain dynamics, and broader economic conditions.