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 rise in Q1 2020?

In the European market, Benzene prices experienced upswing during Q1 2020. The prices of Benzene jumped to one-year high during January amid lower supply and sufficient demand from the downstream sectors. Prices touched USD 835 per metric ton in January, registering record highs since 2020.

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.

How did temperature affect benzene prices?

The decreased temperature had inclined the demand and selling cost of Crude Oil, significantly impacting overall market prices of Benzene in the North American region. BASF Total Energies declared force majeure in January Inclining trend for benzene prices continued in mid Quarter due to tight supply.