Press release
Cumene Prices, Demand, News, Chart and Forecast
Cumene Prices
โขย ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: 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 "๐๐ฎ๐ฆ๐๐ง๐ ๐๐ซ๐ข๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐: ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ง๐, ๐๐ก๐๐ซ๐ญ, ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐๐ฐ๐ฌ, ๐๐๐ฆ๐๐ง๐, ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ญ๐," provides a thorough examination of the ๐๐ฎ๐ฆ๐๐ง๐ ๐๐ซ๐ข๐๐๐ฌ. 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.
๐๐ฎ๐ฆ๐๐ง๐ ๐๐ซ๐ข๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โขย ๐๐ก๐ข๐ง๐: 1074 USD/MT
โขย ๐๐๐ฅ๐ ๐ข๐ฎ๐ฆ: 1325 USD/MT
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ข๐ณ๐ณ๐ฒ๐ฟ๐ถ๐ป๐ด:
โข ๐ ๐ผ๐ป๐๐ต๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
โข ๐ค๐๐ฎ๐ฟ๐๐ฒ๐ฟ๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
โข ๐๐ถ๐ฎ๐ป๐ป๐๐ฎ๐น๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ๐ฟ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/cumene-pricing-report/requestsample
๐๐ฎ๐ฆ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ง๐- ๐๐๐ฌ๐ญ ๐๐ฎ๐๐ซ๐ญ๐๐ซ
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.
๐๐ฎ๐ฆ๐๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
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.
๐๐ฉ๐๐๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ :https://www.imarcgroup.com/request?type=report&id=22435&flag=C
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ป๐ฎ๐น๐๐๐ถ๐:
โข ๐๐๐ถ๐ฎ ๐ฃ๐ฎ๐ฐ๐ถ๐ณ๐ถ๐ฐ: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
โข ๐๐๐ฟ๐ผ๐ฝ๐ฒ: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
โข ๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: United States and Canada
โข ๐๐ฎ๐๐ถ๐ป ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โข ๐ ๐ถ๐ฑ๐ฑ๐น๐ฒ ๐๐ฎ๐๐ & ๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
๐ก๐ผ๐๐ฒ: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐:
๐๐ ๐๐ฅ๐ ๐๐ฟ๐ผ๐๐ฝ
134 N 4th St. Brooklyn, NY 11249, USA
๐๐บ๐ฎ๐ถ๐น: sales@imarcgroup.com
๐ง๐ฒ๐น ๐ก๐ผ:(๐) +91 120 433 0800
๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐: +1-631-791-1145
๐๐ฏ๐ผ๐๐ ๐จ๐:
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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