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Cumene Prices, Demand, News, Chart and Forecast

10-04-2024 02:30 PM CET | Chemicals & Materials

Press release from: IMARC Group

Cumene Prices

Cumene Prices

๐‚๐ฎ๐ฆ๐ž๐ง๐žย ๐๐ซ๐ข๐œ๐ž๐ฌ ๐ˆ๐ง ๐”๐’๐€

โ€ขย  ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: 1453 USD/MT

The cumene prices in the United States for Q4 2023 reached 1453 USD/MT in December.

The latest report by IMARC Group, titled "๐‚๐ฎ๐ฆ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’: ๐๐ซ๐ข๐œ๐ž ๐“๐ซ๐ž๐ง๐, ๐‚๐ก๐š๐ซ๐ญ, ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ž๐ฐ๐ฌ, ๐ƒ๐ž๐ฆ๐š๐ง๐, ๐‡๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐œ๐š๐ฅ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ƒ๐š๐ญ๐š," provides a thorough examination of the ๐‚๐ฎ๐ฆ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž๐ฌ. This report delves into the price of Cumene globally, presenting a detailed analysis, along with informativeย Price Chart. Through comprehensiveย Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores theย Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

๐‚๐ฎ๐ฆ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž๐ฌ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โ€ขย  ๐‚๐ก๐ข๐ง๐š: 1074 USD/MT
โ€ขย  ๐๐ž๐ฅ๐ ๐ข๐ฎ๐ฆ: 1325 USD/MT

๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ข๐—ณ๐—ณ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด:
โ€ข ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription
โ€ข ๐—ค๐˜‚๐—ฎ๐—ฟ๐˜๐—ฒ๐—ฟ๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription
โ€ข ๐—•๐—ถ๐—ฎ๐—ป๐—ป๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—™๐—ผ๐—ฟ ๐—ฎ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.imarcgroup.com/cumene-pricing-report/requestsample

๐‚๐ฎ๐ฆ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž ๐“๐ซ๐ž๐ง๐- ๐‹๐š๐ฌ๐ญ ๐๐ฎ๐š๐ซ๐ญ๐ž๐ซ

Cumene, also known as isopropylbenzene, is an organic compound primarily used as a chemical intermediate in the production of phenol and acetone, which are key components in industries like plastics, resins, and synthetic fibers. It is derived through the alkylation of benzene with propylene and is a significant raw material in the petrochemical sector. The global cumene market is driven by its extensive application in producing phenol and acetone, which are in high demand across industries such as automotive, electronics, and pharmaceuticals.

The growing adoption of cumene in the production of bisphenol-A, used in polycarbonates and epoxy resins, further fuels market growth. In addition, increasing investments in the petrochemical sector and advancements in refining technologies are supporting production efficiency. Current trends include a shift towards sustainable manufacturing practices and the adoption of eco-friendly catalysts to minimize environmental impact, contributing to an evolving market landscape with steady demand from key industrial sectors.

๐‚๐ฎ๐ฆ๐ž๐ง๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

In the fourth quarter of 2023, the North American cumene market saw a bearish trend, with oversupply and moderate demand from sectors such as polycarbonate, paints, and coatings. The typical winter slowdown, along with decreased demand in construction, agrochemicals, and other industrial markets, led to lower sales volumes. Reduced freight charges and declining production costs, driven by lower crude oil prices, further pressured the market. Cumene prices dropped as a result, reflecting weak demand and surplus supply.

The Asia Pacific cumene market in Q4 2023 also experienced a bearish trend, driven by reduced demand from downstream sectors such as styrene, aromatics, and solvents. Domestic refineries operated at moderate levels, with production decreasing towards the end of the quarter due to weaker demand. Price stability was observed in China during October due to Golden Week holidays, followed by price easing as destocking activities increased. Despite this, optimism remained for a potential demand boost in Q1 2024 from the festive season.

In Europe, cumene prices fell in Q4 2023 due to insufficient cost support from crude oil and declines in upstream benzene, acetone, and phenol prices. The region faced weak demand and oversupply, prompting several companies to shut down plants. The European petrochemicals sector struggled with labor market tightness in countries like Belgium and the Netherlands. Demand for cumene from sectors such as bisphenol and other solvents remained weak, leading to downward pressure on prices throughout the quarter.

๐’๐ฉ๐ž๐š๐ค ๐“๐จ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ :https://www.imarcgroup.com/request?type=report&id=22435&flag=C

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€:

โ€ข ๐—”๐˜€๐—ถ๐—ฎ ๐—ฃ๐—ฎ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
โ€ข ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
โ€ข ๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: United States and Canada
โ€ข ๐—Ÿ๐—ฎ๐˜๐—ถ๐—ป ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โ€ข ๐— ๐—ถ๐—ฑ๐—ฑ๐—น๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ & ๐—”๐—ณ๐—ฟ๐—ถ๐—ฐ๐—ฎ: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

๐—ก๐—ผ๐˜๐—ฒ: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐˜‚๐˜€:

๐—œ๐— ๐—”๐—ฅ๐—– ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ
134 N 4th St. Brooklyn, NY 11249, USA
๐—˜๐—บ๐—ฎ๐—ถ๐—น: sales@imarcgroup.com
๐—ง๐—ฒ๐—น ๐—ก๐—ผ:(๐——) +91 120 433 0800
๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€: +1-631-791-1145

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include 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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