Ortho-Xylene price October 2024 and outlook (see chart below)
- North America:US$1.03/KG, -1% down
- Europe:US$1.28/KG, -0.8% down
- Northeast Asia:US$0.94/KG, -7.8% down
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Ortho-Xylene price index
This post is a summary of the ortho-xylene price developments. The price developments of ortho-xylene are expressed in US$ prices converted FX rates applicable at the time when the price was valid. ortho-Xylene price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for ortho-Xylene prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of ortho-Xylene prices
- Recent price developments of underlying feedstocks which drive the price of ortho-Xylene
- Market futures for both cost drives and feedstocks of ortho-Xylene prices
- Adjustment of current supply/demand imbalances in the ortho-Xylene market
- Longer term trends in likely demand conditions
Further information on the Ortho-Xylene price index
What is ortho-xylene
Ortho-xylene, also known as o-xylene or 1,2-dimethylbenzene, is a colorless liquid with a sweet, pleasant aroma. It is a member of the aromatic hydrocarbon family, which means that it is composed of carbon and hydrogen atoms arranged in a ring structure. Ortho-xylene is used as a solvent for various chemicals, as a feedstock in the production of chemicals such as phthalic anhydride, and as a component in the production of a variety of products, including plastics, resins, and fibers. It is also used as a gasoline additive to increase the octane rating and reduce engine knocking. Ortho-xylene can be harmful if inhaled or ingested, and it may cause skin irritation. It is important to use caution when handling ortho-xylene and to follow proper safety guidelines.
How is ortho-xylene produced
There are several methods for producing o-xylene, including:
By-product of petroleum refining
O-xylene can be produced as a by-product of the refining of petroleum. During the refining process, various hydrocarbons are separated and processed to produce different products. O-xylene can be obtained as a side product of this process.
Dealkylation of toluene
O-xylene can be produced by the dealkylation of toluene, which is another aromatic hydrocarbon. This process involves the removal of an alkyl group from toluene to produce o-xylene.
Oxidation of m-xylene
O-xylene can also be produced by the oxidation of m-xylene, which is another aromatic hydrocarbon. This process involves the addition of oxygen to m-xylene to form o-xylene and water.
Catalytic dehydrogenation of xylene
O-xylene can also be produced by the catalytic dehydrogenation of xylene, which is a mixture of the three isomers of xylene (o-, m-, and p-xylene). This process involves the removal of hydrogen from xylene to produce o-xylene and other products.
What is ortho-xylene used for
O-xylene is a versatile chemical that is used in a variety of applications, including:
Solvent
O-xylene is used as a solvent for various chemicals, including paints, resins, and dyes.
Chemical feedstock
O-xylene is used as a feedstock in the production of chemicals such as phthalic anhydride, which is used to make plastics and resins.
Plastic production
O-xylene is used as a starting material in the production of a variety of plastics, including polyethylene terephthalate (PET) and polycarbonate.
Resin production
O-xylene is used as a starting material in the production of resins, which are used in a variety of applications, including coatings, adhesives, and insulation.
Fiber production
O-xylene is used as a starting material in the production of fibers, including polyester fibers, which are used in clothing and other textiles.
Gasoline additive
O-xylene is also used as a gasoline additive to increase the octane rating and reduce engine knocking.
How big is the ortho-xylene market
The o-xylene market is a significant global industry, with demand driven by a variety of end-use applications. According to a report from MarketsandMarkets, the global o-xylene market was valued at $16.6 billion in 2020 and is projected to reach $24.4 billion by 2025, at a compound annual growth rate of 7.4% during the forecast period. This growth is driven by increasing demand for o-xylene in the production of chemicals such as phthalic anhydride and in the production of plastics, resins, and fibers. The Asia-Pacific region is the largest market for o-xylene, followed by North America and Europe. The market is expected to witness significant growth in the Asia-Pacific region, driven by the increasing demand for o-xylene in the production of plastic resins and fibers.
According to https://oec.world/ :
O-xylene are the world’s 2434th most traded product.
In 2020, the top exporters of O-xylene were India ($182M), Russia ($69M), United States ($49.9M), Netherlands ($47.1M), and Singapore ($46.4M).
In 2020, the top importers of O-xylene were China ($117M), Germany ($62M), Belgium ($60.8M), Chinese Taipei ($56.2M), and Italy ($54.8M).
Further reading
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