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Benzene Price Trend and Forecast

UNSPC: 15101507

benzene Price Trends by Country

beBelgium
cnChina
frFrance
deGermany
inIndia
jpJapan
nlNetherlands
saSaudi Arabia
twTaiwan
usUnited States
krSouth Korea

benzene Pricing Trends in India: 

  • Northern India benzene market price trend
  • Southern India benzene market price trend
  • Central India benzene market price trend

Global benzene Price Trend, Analysis and Forecast​

Benzene Price Trend Q3 2025

In Q3 2025, the global Benzene market showed mixed pricing trends which were influenced by fluctuating upstream costs, steady downstream demand, and relatively stable production rates. The market fundamentals remained balanced, with consistent offtake from key sectors such as Resins, Styrene’s, and Synthetic materials. While seasonal factors and global economic uncertainties impacted short-term sentiment, inventory levels were generally well-managed, preventing any sharp price volatility.

Freight conditions improved across several regions, supported by smoother port operations and better vessel availability, contributing to supply chain stability. Spot trading remained moderate as contractual volumes dominated procurement activity. Overall, the Benzene market demonstrated resilience with relatively narrow price fluctuations. The outlook remains cautiously stable, with pricing expected to move in line with feedstock trends and broader macroeconomic developments in the coming months.

South Korea

Benzene Export prices FOB Busan, South Korea, Purity: >99% (Industrial Grade).

In Q3 2025, the Benzene prices in South Korea registered a marginal decline of 0.97%, with FOB Busan prices ranging between USD 710-745 per metric ton. The Benzene price trend in South Korea remained largely stable due to consistent domestic demand and balanced refinery throughput. While upstream costs showed minor fluctuations, market fundamentals were supported by regular offtake from Styrene’s and Resin manufacturers. Export activity stayed moderate, with limited arbitrage opportunities in regional markets. Inventory levels remained adequate throughout the quarter, preventing any sharp swings in price.

The Benzene price in South Korea reflected overall market stability despite slight pressure from global feedstock volatility. In September 2025, Benzene prices in South Korea fell by 2.86%, pressured by sluggish demand from downstream Styrene Monomer and Cumene sectors. Market participants adopted a cautious buying approach amid weak export activity and fluctuating Crude Oil prices, contributing to the overall bearish sentiment.

India

Benzene Export prices FOB Nhava Sheva, India, Purity: >99% (Industrial Grade).

In Q3 2025, the Benzene prices in India saw a decrease of 1.87%, with FOB Kandla prices observed between USD 820-860 per metric ton. The Benzene price trend in India was influenced by seasonal factors, particularly the monsoon, which led to subdued industrial activity and softer downstream demand. Stable refinery operations and sufficient feedstock availability ensured no major supply bottlenecks, while sluggish export volumes put additional pressure on domestic pricing.

The Benzene price in India remained on a slight downtrend across the quarter, with market sentiment cautious and buyers taking a wait-and-watch approach due to fluctuating global Crude benchmarks. In September 2025, Benzene prices in India declined by 1.86% from previous month largely due to reduced demand from derivative markets and cautious procurement among end-users. Ample domestic supply and stable import availability further limited price gains throughout the month.

China

Benzene Domestic prices Ex-Shandong, China, Purity: >99% (Industrial Grade).

According to PriceWatch, in Q3 2025, the Benzene prices in China experienced a drop of 1.27%, with Ex-Shandong values ranging between USD 815-865 per metric ton. The Benzene price trend in China was shaped by steady demand from downstream derivatives, particularly in the plastic and coatings sectors. Despite refinery maintenance in select regions, the market remained balanced due to consistent domestic output and steady import inflows. Export activities remained resilient despite intermittent logistical disruptions.

Overall, the Benzene price in China maintained a relatively narrow band as buyers and sellers adjusted to shifting feedstock and freight conditions. In September 2025, In China, benzene prices dipped by 1.48% from previous month Weaker downstream operations, particularly in Styrene and Phenol units, along with moderate feedstock demand, kept market fundamentals soft. Additionally, subdued energy values and cautious buying sentiment weighed on overall pricing trends.

USA

Benzene Export prices FOB Houston, USA, Purity: >99% (Industrial Grade).

According to the PriceWatch, in Q3 2025, the Benzene prices in the United States rose by 2.81%, with FOB Houston prices ranging between USD 780-860 per metric ton. The Benzene price trend in the United States was primarily driven by firm demand from the Styrene and Automotive sectors, along with rising Crude Oil values that impacted upstream costs. Domestic supply remained tight as export volumes increased, especially to Latin American markets. Refineries operated at high capacity, but strong downstream offtake limited inventory buildup.

As a result, the Benzene price in the United States demonstrated upward momentum throughout the quarter. In September 2025, Benzene prices in the USA dropped by 4.04%, influenced by lower crude oil costs and muted activity in downstream sectors. Weak demand from the Styrene market and steady domestic inventories led buyers to adopt a wait-and-watch stance, putting further pressure on prices.

Netherlands

Benzene Export prices FOB Rotterdam, Netherlands, Purity: >99% (Industrial Grade).

In Q3 2025, the Benzene prices in the Netherlands posted a mild gain of 1.33%, with FOB Rotterdam prices ranging between USD 655-755 per metric ton. The Benzene price trend in the Netherlands was supported by steady procurement from the automotive and plastics sectors, as well as stable regional trading activity.

Upstream Naphtha prices showed slight volatility, but overall production levels in Northwest Europe remained unaffected. With limited spot cargo availability and consistent contractual volumes, the Benzene price in the Netherlands reflected mild bullish sentiment through the quarter, aligning with broader European petrochemical market trends.

In September 2025, Benzene prices in the Netherlands fell sharply by 7.49%. The downturn was primarily driven by sluggish derivative demand, competitive offers from imports, and overall market oversupply. The weak performance of European chemical markets further amplified the price drop.

Brazil

Benzene Export prices FOB Santos, Brazil, Purity: >99% (Industrial Grade).

In Q3 2025, the Benzene prices in Brazil increased by 1.49%, with FOB Santos prices between USD 700-730 per metric ton. The Benzene price trend in Brazil was shaped by stable demand across packaging and industrial sectors, as well as consistent operations at local refineries. Import dependency in some regions added upward pressure, especially during weeks of tighter availability. Although global price movements remained mixed, local fundamentals kept the market well-supported.

The Benzene price in Brazil demonstrated modest gains, reflecting both steady consumption and slight cost-push pressure from feedstock and freight rates. In September 2025, Benzene prices in Brazil decreased by 2.01%. The decline stemmed from limited demand from the downstream Styrene and Nylon segments, combined with steady import inflows that kept the local market adequately supplied.

Thailand

Benzene Export prices FOB Laem Chabang, Thailand, Purity: >99% (Industrial Grade).

In Q3 2025, the Benzene prices in Thailand edged up by 1.06%, with FOB Laem Chabang prices in the range of USD 685-735 per metric ton. The Benzene price trend in Thailand benefited from consistent downstream demand, particularly in the Synthetic Fibre and Resin Industries. Regional trade activity remained firm, with Thailand well-integrated into Southeast Asian petrochemical supply chains. Refinery operations were stable, ensuring sufficient domestic output, while moderate import volumes helped cover demand surges.

The Benzene price in Thailand reflected balanced fundamentals and modest upward momentum, supported by stable end-use consumption. In September 2025, Benzene prices in Thailand fell by 3.11%, amid soft regional demand and subdued trading activity. Weak downstream consumption and competitive pricing from neighbouring markets contributed to the downward price movement.

Japan

Benzene Import prices CIF Yokohama, Japan, Purity: >99% (Industrial Grade).

According to the PriceWatch, in Q3 2025, Benzene prices in Japan showed slight downward movement amid softened shipping demand and improved vessel availability on the CIF Yokohama route. The Benzene price trend in Japan was shaped by a stable domestic market, supported by moderate offtake from Styrene’s and resins producers. Market participants reported a steady number of inquiries from end users, although buying momentum remained conservative.

CIF offers from South Korean suppliers stood between USD 758-796 per metric ton, registering a 0.95% decline. Under FOB terms, offers were relatively unchanged, though some sellers provided minor discounts to encourage long-term contracts. Balanced feedstock supply of Toluene and Reformate also contributed to market stability. In September 2025, Benzene prices in Japan slid by 3.05%. The decline was influenced by weak domestic demand, particularly from the Styrene and Phenol industries, alongside lower crude oil values that dampened overall market sentiment.

Taiwan

Benzene Import prices CIF Kaohsiung, Taiwan, Purity: >99% (Industrial Grade).

In Q3 2025, Benzene prices in Taiwan remained relatively stable, supported by consistent freight operations under CIF Kaohsiung, aided by reduced port congestion and improved container availability. The Benzene price trend in Taiwan showed mild downward pressure due to limited arbitrage opportunities and steady domestic consumption from Cumene and solvent manufacturers. CIF offers ranged from USD 756-794 per metric ton, reflecting a 0.97% change from the previous quarter.

FOB pricing remained flat, with regional producers maintaining offers to retain competitive positions. The Taiwanese market saw a stable number of inquiries, largely driven by contract-based procurement, keeping the overall market sentiment balanced. In September 2025, Benzene prices in Taiwan dropped by 3.06%, as muted buying interest from downstream sectors and adequate supply levels kept market activity restrained. Lower regional offers further pressured local pricing dynamics.

Germany

Benzene prices in Germany, Purity: >99% (Industrial Grade).

In Q3 2025, Benzene prices in Germany showed a slightly positive trend, supported by declining inland transport costs and stable availability of tank trucks under FD Hamburg terms. The Benzene price trend in Germany was driven by moderate increases in demand from polymer and resin sectors, along with controlled inventory levels. Spot prices moved between USD 695-815 per metric ton, marking a 0.17% quarter-on-quarter increase.

A gradual rise in the number of inquiries from downstream buyers was observed during mid-Q3, though limited trading activity kept movements within a narrow range. FOB offers remained firm as domestic suppliers prioritized supply consistency over volume expansion.

In September 2025, Benzene prices in Germany declined sharply by 6.56%. Reduced demand from downstream chemical producers, heightened competition from lower-priced imports, and weak industrial sentiment across Europe contributed to the notable price fall.

Belgium

Benzene prices in Belgium, Purity: >99% (Industrial Grade).

In Q3 2025, Benzene prices in Belgium experienced a slight decline, supported by stable inland logistics and uninterrupted supply chains under FD Antwerp delivery terms. The Benzene price trend in Belgium softened as downstream demand eased, particularly from the synthetic rubber and engineering plastics sectors. Domestic spot prices were assessed between USD 710-835 per metric ton, reflecting a 0.58% decline over the quarter. FOB offers remained largely unchanged, although some producers provided discounts on bulk orders to clear inventory.

Adequate upstream feedstock availability from Reformate and Pyrolysis gasoline ensured a stable production environment, helping to maintain price stability despite weaker offtake. In September 2025, Benzene prices in Belgium fell by 6.62%, driven by weak demand from downstream Styrene and Phenol sectors. Ample regional supply and competitive import offer further pressured market prices.

Saudi Arabia

Benzene Import prices CIF Jeddah, India, Purity: >99% (Industrial Grade).

According to the PriceWatch, in Q3 2025, Benzene prices in Saudi Arabia saw a sharp decline, driven by lower shipping costs on the CIF Jeddah route due to higher vessel availability and reduced congestion at Indian ports. The Benzene price trend in Saudi Arabia weakened further as Indian demand for imports softened and regional availability improved. CIF offers moved within USD 935-980 per metric ton, reflecting a 3.84% quarterly drop. FOB offers followed the same trend as exporters adjusted pricing to maintain competitiveness.

Despite robust production from local manufacturers, the market faced sluggish inquiries, particularly from Indian buyers affected by inventory overhang and subdued downstream demand. In September 2025, Benzene prices in Saudi Arabia eased by 1.75%, supported by sufficient local supply and moderate demand from derivative industries. Stable export activity and limited fluctuations in feedstock costs kept the market relatively balanced despite the slight decline.

France

Benzene prices in France, Purity: >99% (Industrial Grade).

In Q3 2025, Benzene prices in France declined slightly, influenced by improved logistics performance under FD Le Havre due to fewer disruptions in domestic transport and terminal operations. The Benzene price trend in France was affected by a dip in buying interest from derivative markets, including plasticizers and adhesives. Domestic prices ranged between USD 745-870 per metric ton, showing a 1.57% decline compared to the previous quarter. FOB offers showed minimal fluctuation as producers adopted a wait-and-watch approach amid uncertain European demand.

Sufficient feedstock availability and steady refinery operations kept supply levels firm, preventing any major volatility in pricing. In September 2025, Benzene prices in France fell by 5.28%. The market was influenced by sluggish downstream consumption, particularly in the Resins and Plastics sectors, along with reduced spot activity and weak regional demand across Europe.

Benzene Price Trend Analysis: Q2 2025

According to the PriceWatch, In Q2 2025, Benzene prices (South Korea origin) dropped sharply to USD 733.75 per metric ton, reflecting a steep quarterly decline of -16.8%. The fall was primarily driven by sluggish demand from downstream sectors such as Styrene, Caprolactam, and Engineering Plastics, along with ample supply and cautious buying activity across Asia.

Despite some volatility in global Crude Oil prices partly influenced by tensions in the Middle East and uncertain OPEC+ production cuts the cost support from upstream feedstocks like Naphtha remained limited. South Korean producers maintained high operating rates, leading to inventory buildup at major ports, while key importing regions like China and Taiwan reported muted consumption.

Ongoing geopolitical uncertainty in the Asia-Pacific region further strained export sentiment and shipping reliability. As a result, the quarter ended with a sharply bearish tone, with Benzene markets under continued pressure due to weak fundamentals and broader economic concerns.

Benzene Price Trend Analysis: Q1 2025

In Q1 2025, the global Benzene market in East Asia, particularly in South Korea, saw a slight decrease in prices, with values reported at USD 886/MT, marking a slight decline of -0.45%. This minor decrease was influenced by steady but stable demand from key sectors like chemicals and automotive, which continue to be major consumers of Benzene.

The market remained relatively balanced as the abundant supply of the product helped stabilize prices. While demand remained consistent, there was no significant upward pressure, resulting in a small reduction in prices.

Benzene Price Trend Analysis: Q4 2024

In Q4 2024, the Benzene market in South Korea continued its downward trend, with prices reported at USD 890/MT, reflecting a decrease of -6.32% from the previous quarter. This decline was attributed to a combination of factors, including a slight dip in demand from key industries and a high availability of Benzene in the global market.

With ample production and an abundant supply of the product, the market faced downward pressure, and prices were adjusted accordingly. These trends were consistent across major global markets, contributing to a general stabilization in the Benzene prices.

Benzene Price Trend Analysis: Q3 2024

In Q3 2024, Benzene prices in South Korea showed a more significant decline, dropping to USD 950/MT, which represented a decrease of -9.52% from Q2 2024 levels. This stabilization was driven by several factors, including abundant global supply and limited increases in demand from major consumer sectors.

The market saw lower purchasing activity, which further contributed to the softening of prices. While global production continued at steady levels, demand did not rise at the expected pace, leading to a mild oversupply situation that put downward pressure on the market.

Benzene Price Trend Analysis: Q2 2024

In Q2 2024, Benzene prices in South Korea showed a positive recovery, with prices increasing to $1050/MT, reflecting a +3.96% rise from Q1. This upward trend was largely attributed to stronger demand from the automotive and packaging sectors, as well as a rebound in industrial activities post-Lunar New Year.

The global market also saw a surge in demand for benzene derivatives, such as styrene and nylon, particularly in the APAC region, which helped stabilize prices. Rising crude oil prices, coupled with tightening supplies due to planned refinery maintenance in key regions, further supported the upward price movement.

Benzene Price Trend Analysis: Q1 2024

In Q1 2024, the global Benzene market experienced a bearish trend, particularly in South Korea (APAC region), where prices were reported at $1010/MT. This marked a significant decrease of -11.88% from the previous quarter, driven primarily by weak demand from downstream industries, including styrene monomer and phenol manufacturers.

In addition, lower crude oil prices globally contributed to the downward pressure on benzene prices. The market also saw limited export opportunities due to geopolitical tensions and sluggish industrial activity in key regions like Europe, further adding to the softness in pricing.

India benzene Price Trend, Analysis and Forecast

Benzene Price Trend Analysis: Q1 2025

Entering Q1 2025, Benzene in India (Ex-Vizag) continued to trend downward, settling at an average of $991.12/MT, showing a 7.16% decline from the previous quarter. This drop was largely attributed to post-festival market lull and a slow industrial recovery in the early part of the year.

On the global front, Benzene prices softened amid abundant supply and lower feedstock costs, leading to price corrections across major markets, including India. Importers remained cautious, benefiting from softened freight rates and stable inventories, contributing to a subdued pricing environment.

Benzene Price Trend Analysis: Q2 2025

According to PriceWatch, In Q2 2025, Benzene prices (Ex-Vizag) declined by approximately 12.30% to USD 817.83 per metric ton. This forecasted drop will likely be influenced by fluctuations in feedstock costs, particularly Naphtha, which is derived from Crude Oil and significantly impacts Benzene production expenses.

Demand shifts from key downstream industries such as automotive and construction are anticipated to exert pressure on prices, alongside variations in Benzene supply levels. Despite global economic challenges and subdued export activity, India’s downstream sectors are projected to remain relatively resilient, supported by steady procurement in construction and furniture segments and seasonal restocking ahead of the monsoon.

However, the overall market environment will probably see a notable price correction, reflecting the combined effects of feedstock volatility and demand-supply dynamics in the region.

Benzene Price Trend Analysis: Q1 2024

During Q1 2024, the Indian Benzene market was firm on the uptrend, with prices averaging at about $1026.73/MT, representing a 10.81% rise from the last quarter. This upward movement was primarily backed by increasing international prices of Crude Oil and Toluene, which directly affect the cost of producing Benzene.

Also, heavier demand from downstream markets such as Styrene, Cyclohexane, and Cumene, and higher consumption within the manufacturing and packaging industries during festivals were among the factors that helped push the price higher. Availability of imports also became constrained due to higher freight rates and scarce vessel space, further propelling prices higher in the Indian market.

Benzene Price Trend Analysis: Q2 2024

In Q2 2024, Indian Benzene prices remained on an uptrend, averaging $1143.15/MT, which is a growth of 11.37% over the last quarter. The sustained positive trend was fuelled by strong end-user demand across industries like resins, adhesives, and engineering plastics. Indian Benzene derivatives export demand also gained momentum with encouraging buying support from Southeast Asian and Middle Eastern regions.

Increased port activity worldwide, coupled with rising container traffic and constricting shipping availability, put higher logistics costs in place, which further placed upward pressure on FOB India prices. Seasonal purchasing prior to monsoons also contributed to the high domestic demand.

Benzene Price Trend Analysis: Q3 2024

By Q3 2024, India’s Benzene prices levelled off marginally at approximately $1079.81/MT, a 5.56% drop from Q2. This price correction arrived due to a decrease in down-stream sectors’ procurement activity over the monsoons, with construction and motor vehicles being at the forefront of this.

Together with this came a temporary weak export demand along with better ship availability from important world suppliers who eased some pressures on the supply side. There was also slowdown in domestic firms’ new buys because of previous quarter carry over inventory, contributing to the reduction in prices.

Benzene Price Trend Analysis: Q4 2024

During Q4 2024, the market continued to record a minor reduction in Benzene prices, averaging approximately $1067.49/MT, which is down by 1.14% compared to Q3. Demand improved slightly due to the year-end and festival season, particularly from the manufacturing of packaging materials and plastic items, but the market remained mildly pressured because supply levels remained firm, and buyers kept their hands in their pockets.

The reduction in movement of cargo and less congestion at Indian ports also helped in improved availability of imported material, aiding in maintaining prices under control. But pharma and chemicals sector’s good performance gave some support against sharper depreciation.

Global benzene Supply Chain

Upstream
Downstream
  • Styrene (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene-Butadiene Rubber (SBR))
  • Cumene (Phenol, Acetone)
  • Cyclohexane (Nylon 6 and Nylon 6,6)
  • Aniline (Dyes and Rubber Chemicals)
Major supplying countries
  • South Korea
  • Netherlands
  • India
  • USA
Major importing countries
  • Belgium
  • China
  • France
  • Germany
  • Japan
  • Saudi Arabia
  • Taiwan

India benzene Supply Chain

Upstream
  • Crude Oil
  • Naphtha
Downstream
  • Styrene (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene-Butadiene Rubber (SBR))
  • Cumene (Phenol, Acetone)
  • Cyclohexane (Nylon 6 and Nylon 6,6)
  • Aniline (Dyes and Rubber Chemicals)
Major supplying countries
  • South Korea
  • Netherlands
  • India
  • USA
Major importing countries
  • Belgium
  • China
  • France
  • Germany
  • Japan
  • Saudi Arabia
  • Taiwan

Technical Specifications of Benzene Price Trends

Molecular Weight[g/mol]

78.11 g/mol

CAS No

71-43-2

HS Code

29022000

Molecular Formula

C₆H₆
benzene

Benzene (C₆H₆) is a colourless and highly flammable liquid with a sweet Odor, widely recognized as a key building block in the petrochemical industry. It is a simple aromatic hydrocarbon consisting of six carbon atoms arranged in a ring with alternating single and double bonds, forming a structure known as a benzene ring. Benzene is a naturally occurring substance found in crude oil and is also produced synthetically from petroleum-based feedstocks like naphtha and toluene.

Packaging Type

ISO Tank

Benzene Grades Covered

Purity: >99% (Industrial Grade) (Bulk)

Incoterms Used

FOB Busan, Ex-Vizag, FOB Houston, FOB Rotterdam, FD Hamburg, FD Antwerp, FD Le Havre, CIF Shanghai, CIF Yokohama, CIF Kaohsiung (South Korea), CIF Jeddah (India), FOB Santos, FOB Laem Chabang

Synonym

Benzin, Benzol

PriceWatch Quotation Terms:

20-25 MT (Domestic), 30-35 (Import-Export)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties  Specification 
Boiling point  79 °C (1013 h Pa) 
Density  0.95 g/cm3 (20 °C) 
Explosion limit  1.4 - 8.0 %(V) 
Flash point  -11 °C 
Ignition temperature  555 °C 
Melting Point  -1 °C 
Vapor pressure  101 h Pa (20 °C) 
Viscosity kinematic  0.78 mm2/s (20 °C) 
Solubility  1.8 g/l 

Benzene Industrial Applications

Chemical Intermediates: Benzene is a precursor to produce many chemicals, including styrene (used to make polystyrene), phenol, aniline, and cyclohexane.
Plastics and Resins: It is essential for manufacturing plastics, resins, and synthetic fibres like nylon.
Pharmaceuticals: Benzene derivatives are widely used in drug synthesis.
Rubber and Lubricants: It is used in the production of rubber, lubricants, dyes, detergents, and pesticides.

Historically, several events have caused significant fluctuations in Benzene prices

Russia-Ukraine Conflict (2022-Present): The conflict disrupted energy markets and led to higher feedstock prices in Europe, causing volatility in benzene prices globally.
Texas Winter Storm (2021): Extreme weather in the U.S. Gulf Coast region halted petrochemical production, leading to short-term supply shortages and a spike in benzene prices.
COVID-19 Pandemic (2020): Initially, there was a sharp decline in benzene demand due to lockdowns and reduced industrial activity. However, demand rebounded as markets reopened, particularly in sectors like packaging and chemicals.
IMO 2020 Regulations (2020): The introduction of stricter marine fuel sulphur regulations impacted the availability of certain feedstocks for benzene production, influencing pricing dynamics.
U.S.-China Trade War (2018-2019): Trade tensions between the U.S. and China disrupted supply chains, impacting benzene pricing due to uncertainties in trade flows.
Hurricane Harvey (2017): Severe flooding in the U.S. Gulf Coast, a major hub for benzene production, caused significant supply disruptions, leading to price surges.

These factors highlight the benzene market’s sensitivity to both global events and regional disruptions, emphasizing the importance of monitoring market trends for strategic decision-making.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global benzene price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the benzene market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence benzene prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely benzene market data.

Track PriceWatch's benzene price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

Real-Time Market Data: PriceWatch aggregates real-time pricing data from a wide range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most up-to-date market conditions.
On-the-Ground Intelligence: Our team collects insights directly from key market participants, including benzene producers, suppliers, traders, and end-users, across major production hubs. This local intelligence helps us understand regional market dynamics.
Supply Chain Monitoring: We monitor the entire benzene supply chain, from the availability of raw materials (such as toluene, crude oil, and naphtha) to production and distribution. This includes tracking feedstock prices, production capacities, and logistics, ensuring comprehensive coverage of supply-side factors.

Event Tracking and Impact Analysis​

Geopolitical Tensions: PriceWatch tracks global geopolitical developments, such as the Russia-Ukraine conflict or U.S.-China trade disputes, which can impact benzene supply and prices. We analyse how these disruptions affect supply chains and contribute to price volatility.
Natural Disasters and Industrial Accidents: We assess the impact of natural disasters, like hurricanes in the U.S. Gulf Coast, or industrial accidents, which may temporarily shut down benzene production facilities and cause short-term supply shortages.
Regulatory Changes: Changes in environmental regulations, such as restrictions on sulphur emissions or updates to fuel standards (e.g., IMO 2020), can influence benzene production and consumption patterns, affecting market prices

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a detailed database of global benzene production facilities, tracking their operational status, maintenance schedules, and output levels. This ensures we can assess current supply availability accurately.
Future Capacity Projections: Our research provides forecasts of upcoming benzene production capacities, accounting for new plants, expansions, and innovations in technology. This helps predict future supply trends and potential impacts on price stability.

Demand Forecasting

Sectoral Demand Analysis: PriceWatch offers in-depth analysis of benzene demand across key industries like petrochemicals, automotive, and construction. We track year-on-year demand growth and predict future consumption trends based on economic data and industry forecasts.
Global Demand Dynamics: Our methodology considers regional demand variations and their effects on global benzene pricing. This includes shifts in manufacturing hubs, trade agreements, and changes in environmental policies.

Pricing Model Development

Dynamic Pricing Models: PriceWatch uses advanced econometric models to forecast benzene prices, combining real-time data, historical price trends, and future market expectations. These models are regularly refined to ensure high accuracy and reliable predictions.
Scenario Analysis: We conduct scenario-based assessments, evaluating various potential future market conditions. This includes best-case, worst-case, and most likely scenarios, providing clients with insights to prepare for different outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports covering current benzene price assessments, future price forecasts, and thorough analysis of market drivers. These reports are actionable and offer clear recommendations.
Ongoing Support: PriceWatch offers continuous updates and personalized support, ensuring clients always have access to the most up-to-date information. Our experts are available to discuss specific market trends and provide tailored advice.

This methodology ensures that PriceWatch delivers the most accurate, timely, and actionable benzene pricing assessments, helping clients stay ahead of market trends and make well-informed decisions.

Molecular Weight[g/mol]

78.11 g/mol

CAS No

71-43-2

HS Code

29022000

Molecular Formula

C₆H₆
benzene

Benzene (C₆H₆) is a colourless and highly flammable liquid with a sweet Odor, widely recognized as a key building block in the petrochemical industry. It is a simple aromatic hydrocarbon consisting of six carbon atoms arranged in a ring with alternating single and double bonds, forming a structure known as a benzene ring. Benzene is a naturally occurring substance found in crude oil and is also produced synthetically from petroleum-based feedstocks like naphtha and toluene.

Packaging Type

ISO Tank

Grades Covered

Purity: >99% (Industrial Grade) (Bulk)

Incoterms Used

FOB Busan, Ex-Vizag, FOB Houston, FOB Rotterdam, FD Hamburg, FD Antwerp, FD Le Havre, CIF Shanghai, CIF Yokohama, CIF Kaohsiung (South Korea), CIF Jeddah (India), FOB Santos, FOB Laem Chabang

Synonym

Benzin, Benzol

PriceWatch Quotation Terms:

20-25 MT (Domestic), 30-35 (Import-Export)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties  Specification 
Boiling point  79 °C (1013 h Pa) 
Density  0.95 g/cm3 (20 °C) 
Explosion limit  1.4 - 8.0 %(V) 
Flash point  -11 °C 
Ignition temperature  555 °C 
Melting Point  -1 °C 
Vapor pressure  101 h Pa (20 °C) 
Viscosity kinematic  0.78 mm2/s (20 °C) 
Solubility  1.8 g/l 

Applications

Chemical Intermediates: Benzene is a precursor to produce many chemicals, including styrene (used to make polystyrene), phenol, aniline, and cyclohexane.
Plastics and Resins: It is essential for manufacturing plastics, resins, and synthetic fibres like nylon.
Pharmaceuticals: Benzene derivatives are widely used in drug synthesis.
Rubber and Lubricants: It is used in the production of rubber, lubricants, dyes, detergents, and pesticides.

Benzene Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for benzene. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of benzene in the global market is influenced by several factors, including:

Crude Oil Prices: Since benzene is derived from petroleum, fluctuations in crude oil prices directly impact benzene production costs. Supply and Demand Dynamics: Global supply disruptions, such as refinery maintenance or natural disasters, can lead to shortages, pushing prices higher. Similarly, rising demand from industries like petrochemicals and plastics can drive up prices.

Geopolitical Tensions: Conflicts or trade disputes, such as the Russia-Ukraine conflict, can affect benzene production and trade routes, leading to market volatility.

Regulatory Changes: Environmental regulations, like the IMO 2020 sulphur cap, impact feedstock availability, affecting benzene production and pricing.

Seasonal demand plays a significant role in Benzene pricing. For instance, during the winter months, demand for heating fuels often increases, leading to higher crude oil prices, which in turn can affect benzene prices. Additionally, demand from the automotive and construction industries tends to rise during the summer months, driving up consumption of benzene-based products, potentially leading to price hikes. Procurement heads must monitor these seasonal trends to anticipate cost fluctuations.

Benzene price forecasts are based on several key indicators, including crude oil price trends, feedstock availability, production capacity changes, and geopolitical developments. Current market trends suggest that benzene prices may experience moderate fluctuations due to ongoing supply chain disruptions and demand recovery in industries like automotive and chemicals.

However, uncertainties such as the global economic outlook and potential regulatory shifts could affect these projections. PriceWatch provides weekly updates on Benzene pricing to help procurement heads stay informed of the latest market trends.

Access Real-Time Benzene Price Trends