Overcapacity Issues
Global textile demand remains stagnant, leading to high inventories of polyester fibers. Until this downstream glut is cleared, xylene producers will find it difficult to push for higher prices.
Refinery Integrated Sites
Integrated refinery-petrochemical sites are prioritizing benzene production over xylene, as benzene margins are healthier. This shift may eventually tighten xylene supply, but the spot market remains supplied.