Benzene Prices Trend: Pricing, Database, News & Index

The latest report by IMARC Group, titled “Benzene Prices Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Benzene Price Trend. This report delves into the Price of Benzene globally, presenting a detailed analysis, along with an informative Benzene Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this Price report an invaluable resource for industry stakeholders.

Benzene Prices by Last Quarter:

United States: 1007 USD/MT
South Korea: 861 USD/MT
Saudi Arabia: 896 USD/MT
Brazil: 835 USD/MT

Request For a Sample Copy of the Report: https://www.imarcgroup.com/benzene-pricing-report/requestsample

Key Details About the Benzene Price Trend

In North America

The Benzene prices witnessed significant fluctuations at the end of the last quarter, especially in North America. A notable rise in demand from various downstream sectors, fueled by diverse end-user industries, tightened supply and led to price increases. This spike in demand, coupled with rising input costs, particularly for crucial raw materials like Toluene, further fueled the upward trajectory of prices. Additionally, economic conditions in the United States, including inflationary pressures and escalating energy prices, influenced market sentiments during this period. However, towards the end of October, prices began to decline, with the USA following suit in this downward trend. Factors contributing to this included reduced international demand leading to lower export prices and excess inventory among suppliers, highlighting challenges in stock management. Moreover, the decline in toluene prices, a vital raw material for Benzene production, intensified the broader downward trend in Benzene prices.

In APAC

Meanwhile, in the APAC region, the Benzene prices faced notable challenges during the end of the last quarter, marked by significant price fluctuations. Factors influencing market dynamics included an increase in demand at the beginning of the quarter, followed by a decrease in demand in last quarter, driven by the inactive economic recovery in China. However, as the last quarter commenced, there was a notable decrease in demand, leading to excess inventory and a subsequent price decline. This decline was further exacerbated by the continuous decrease in toluene prices and supply constraints observed among manufacturers.

In Europe

In Europe, the Benzene prices encountered challenges that impacted pricing. Initially, there was a significant decrease in demand, resulting in excess inventory and price reduction. As the last quarter approached, the market took an unforeseen turn, leading to further price decline due to reduced raw material costs and adjustment of inventory levels. Overall, these factors contributed to a challenging quarter characterized by diminished demand and oversupply, resulting in a decline in prices.

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us :

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.