North America Benzene Prices Movement Last Quarter:
Benzene Prices in the United States:
| Product | Category | Price |
| Benzene | Chemical | 1007 USD/MT |
In the last quarter, the Benzene Prices Chart shows prices in the United States reached 1,007 USD per metric ton. The benzene industry experienced a notable decline in prices, driven by weak downstream demand from key sectors such as styrene and cumene. Steady supply levels further added to the bearish sentiment, as production remained consistent despite reduced consumption. Import volumes at major ports dropped significantly, reflecting sluggish demand, and contributing to an oversupplied market. Additionally, stable crude oil inventories prevented any cost-push factors that might have supported prices. These combined factors created a challenging environment, with prices falling throughout the quarter as the market struggled to balance supply and demand amid persistently low downstream activity.
APAC Benzene Prices Movement in the Last Quarter:
Benzene Prices in South Korea:
| Product | Category | Price |
| Benzene | Chemical | 861 USD/MT |
In the last quarter, benzene prices in South Korea reached 861 USD per metric ton. Bearish price trend driven by weak demand from downstream sectors, which struggled to absorb existing supplies. Rising costs of crude oil and naphtha added pressure, further complicating market dynamics as producers faced higher input expenses. Additionally, projections of increased regional supply contributed to uncertainty, amplifying concerns of oversupply in an already cautious market. Buyers adopted a reserved approach, delaying purchases in anticipation of further price drops as supply conditions were expected to improve. This combination of subdued demand, rising costs, and hesitant purchasing created a challenging environment, pushing prices lower throughout the period.
MEA Benzene Prices Movement in the Last Quarter:
Benzene Prices in Saudi Arabia:
| Product | Category | Price |
| Benzene | Chemical | 896 USD/MT |
In the last quarter, benzene prices in Saudi Arabia reached 896 USD per metric ton. Benzene’s stable price trend is driven by a balance between moderate supply and demand despite regional bearish conditions. Weak activity in key end-use sectors kept demand subdued, while increased imports from Asia added to the available supply, limiting significant price movement. However, the potential for price improvement in the next quarter generated cautious optimism among market participants. This outlook was based on expectations of reduced supply following recent crude oil production cuts, which could tighten market conditions. The interplay of these factors maintained stability while setting the stage for potential upward price adjustments soon.
European Benzene Prices Movement in the Last Quarter:
Benzene Prices in Brazil:
| Product | Category | Price |
| Benzene | Chemical | 835 USD/MT |
In the last quarter, benzene prices in Brazil reached 835 USD per metric ton. The Benzene price trend remained stable despite facing several challenges, including low demand from downstream industries and weak retail performance. Rising production costs, driven by increased naphtha prices, further pressured the market, keeping sentiment bearish. While an uptick in manufacturing activity provided some support, it was insufficient to offset the broader challenges. Fluctuating prices also reflected difficulties in meeting domestic oil demand, adding to market uncertainty. With these factors in play, the outlook for the sector remained cautious, as participants anticipated continued volatility amidst efforts to balance supply, costs, and demand dynamics in a challenging economic environment.
How the IMARC Pricing Database Can Help
The latest IMARC Group study, “Benzene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of the Benzene price trend, offering key insights into global Benzene market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Benzene demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.
Request to Get the Sample Report: https://www.imarcgroup.com/benzene-pricing-report/requestsample
Key Features:
| Key Attributes | Details |
| Product Name | Benzene |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Benzene Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Information Covered for Key Suppliers | · Company Overview
· Business Description · Recent Trends and Developments |
| Customization Scope | The report can be customized as per the requirements of the customer |
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.
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