How much does benzene cost?

The benzene prices averaged 990 USD/MT (FOB USA) in the said period. According to Procurement Resource, the price of benzene is expected to increase in the coming months as the momentum shifts towards a healthy trend. The return of market demand along with the removal of transportation restrictions will together aid the price rise.

Why did benzene prices fluctuate?

The oscillating demands from the downstream sector led to uneven trends in benzene prices. The benzene market fluctuated as the downstream solvent and styrene industries lowered their requirement for Benzene.

How big is the global benzene market?

It is difficult to estimate the size of the global benzene market, as it is a component of many products and is used in a wide variety of industries. However, benzene is an important chemical that is in high demand, and it is typically produced in large quantities.

What was the price of benzene in 2022?

Therefore, the price of Benzene was recorded at USD 1420/ tonne FOB JNPT. During the second quarter of 2022, the prices of Benzene moved in an uptrend in the German market. The price rise was supported by the rising upstream Crude values due to supply shortage.