Cumene Prices In USA
- United States: 1155 USD/MT
In the US, crude oil inventories saw a decline, while the strategic petroleum reserve remained unaffected. Cumene prices in the US market observed a decrease, settling at 1453 USD/MT, free on board (FOB) Louisiana.
The latest report by IMARC Group, titled "Cumene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Cumene Prices. This report delves into the price of Cumene globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive 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 the 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.
Cumene Prices Analysis
- China: 1065 USD/MT
- Netherlands: 1170 USD/MT
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The study delves into the factors affecting Cumene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/cumene-pricing-report/requestsample
Cumene Price Trend- Last Quarter
The cumene market is primarily driven by its extensive application in the production of phenol and acetone, which are crucial intermediates in the manufacture of polycarbonates, bisphenol-A (BPA), and phenolic resins. These derivatives are vital components in the production of a wide array of industrial and consumer goods, including automotive parts, electronics, paints, adhesives, and insulation materials.
The growing demand for these products, particularly in emerging economies, is a significant factor propelling the cumene market forward. Additionally, the expanding automotive and electronics sectors globally contribute to the increased demand for polycarbonates and phenolic resins, further stimulating the cumene market. Innovations in product applications and the exploration of new industrial uses for cumene and its derivatives also offer potential market expansion opportunities.
Cumene Industry analysis
Several factors have influenced cumene prices in the last quarter, significantly impacting market dynamics. During the fourth quarter of 2023, the North American cumene market experienced a bearish trend characterized by a surplus of supply and moderate demand from downstream sectors. The oversupply situation in the market led to a decrease in cumene prices, attributed to reduced demand from polycarbonate, paint, and coatings industries.
Besides, in the last quarter of 2023, the market in the Asia Pacific region experienced a bearish trend, primarily driven by a diminished demand outlook from downstream sectors like styrene, aromatics, and solvents. Moreover, supply levels remained low to moderate, with domestic refineries maintaining optimal production rates. However, as the quarter progressed, production rates decreased, aligning with a sluggish demand outlook. In addition to raw material cost fluctuations and supply chain disruptions, regulatory changes and environmental policies have also influenced cumene prices.
On the other hand, in Q4 2023, cumene prices experienced a decline, primarily influenced by the insufficient cost support from crude oil, coupled with decreases in upstream benzene and downstream acetone and phenol prices. The European petrochemicals sector grappled with a combination of weak demand and oversupply. Widespread weak demand for chemicals prompted several companies across Europe to shut down plants. Additionally, global economic trends and trade policies, including tariffs and import-export restrictions, have influenced the international trade flow of cumene and its derivatives, further affecting price dynamics
Regional Price 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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