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 price trend. This report delves into the Price of Benzene globally, presenting a detailed analysis, along with 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
Key Insights on Benzene Price Trend Across the Regions:
In North America: Benzene prices experienced notable fluctuations toward the end of the last quarter. A surge in demand from various downstream industries tightened supply, pushing prices upward. This increase was further driven by rising input costs, particularly for raw materials like toluene. Economic factors in the U.S., including inflation and higher energy prices, also played a role in shaping market dynamics during this period. However, by late October, prices began to fall, largely due to reduced international demand, lower export prices, and excess inventory among suppliers. The ongoing decline in toluene prices, a key feedstock for benzene production, contributed to this downward trend.
In the Asia-Pacific (APAC) Region: Benzene prices in the APAC region also faced significant fluctuations in the last quarter, influenced by changing demand patterns. While demand increased early in the quarter, it decreased toward the end, mainly due to the slow economic recovery in China. Excess inventory began to build up, leading to a decline in prices. This downward movement was further amplified by falling toluene prices and ongoing supply constraints among manufacturers.
In Europe: Benzene prices in Europe faced challenges throughout the last quarter. Initially, weak demand led to excess inventory and a drop in prices. As the quarter progressed, raw material costs continued to decrease, which, along with adjustments to inventory levels, drove prices down further. The combination of diminished demand and oversupply created a challenging market environment, resulting in a continuous decline in benzene prices.
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Overall, Price Trend and Regional Prices 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.
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