cumene Pricing Assessment

Markets Covered:

Singapore

Japan

United States

India

China

Brazil

Italy

Cumene Price Trend, Analysis and Forecast

In Q1 2024, the global Cumene market experienced a positive trend, particularly in Singapore, where prices were reported at $1,036.33 per metric ton (MT). This marked an increase of +5.00% from the previous quarter. The rise in prices was primarily driven by strong demand from key sectors such as chemicals and automotive, which rely heavily on Cumene as a feedstock for producing phenol and acetone. Additionally, the recovery of industrial activities post-pandemic contributed to heightened consumption, while supply chain improvements helped stabilize availability in the market.

As we moved into Q2 2024, Cumene prices in Singapore rose further to $1,092.66/MT, reflecting a positive trend of +5.44% from Q1. This continued increase can be attributed to several factors, including sustained demand from the construction and automotive industries as they ramped up production. Furthermore, ongoing investments in manufacturing capacity and advancements in production technologies have enhanced supply capabilities, allowing producers to meet the growing market needs effectively.

By early Q3 2024, the Cumene market maintained its upward trajectory, with prices reported at $1,120/MT in July, representing a slight positive trend of 1.82% from June 2024 which is reported at $1100/MT. Globally, the market benefited from increased demand for Cumene derivatives in various applications, including paints and coatings, which are experiencing a resurgence due to heightened construction activities. Additionally, favourable economic conditions and rising disposable incomes in key markets have further fuelled consumption across different sectors.

Looking ahead to Q4 2024, the Cumene market may see further fluctuations influenced by multiple factors. Potential increases in demand during the holiday season could drive up consumption in packaging and consumer goods sectors. However, any potential price increases may be tempered by ongoing supply chain challenges and competition among producers. Additionally, changes in raw material costs or shifts in production capacity could significantly impact market dynamics as we approach the end of the year. Overall, the Cumene market is expected to navigate a complex landscape of supply and demand factors in the upcoming months.

Why ?

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

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

Track 's cumene 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.

Historically, several events have caused significant fluctuations in cumene prices

COVID-19 Pandemic Impact (2020): The pandemic caused widespread supply chain disruptions and a decline in demand for Cumene and its derivatives, leading to significant price volatility across various industries.

Crude Oil Price Fluctuations (2019-2020): Changes in Crude oil prices during this period directly affected Cumene production costs, resulting in corresponding shifts in Cumene pricing.

Increased Demand from Acetone and Phenol Markets (2018): A surge in demand for Acetone and Phenol, key derivatives of Cumene, led to increased prices as manufacturers adjusted to the rising consumption levels.

Introduction of Bio-based Alternatives (2017): The emergence of bio-based alternatives to traditional Cumene derivatives began to influence market dynamics, prompting discussions about sustainability and impacting pricing strategies.

These events highlight the interplay of market demand, external economic factors, and shifts towards sustainable practices in the Cumene market.

Methodology and Specifications

cumene Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Cumene production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We closely monitor the entire Cumene supply chain, starting from the availability of key raw materials such as Benzene and Propylene, all the way through to production and distribution channels. Our tracking encompasses essential elements like feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Cumene prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Cumene production facilities, particularly in vulnerable regions like the U.S. Gulf Coast and Asia-Pacific. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., construction, automotive, chemicals) to predict shifts in Cumene demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Cumene production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Cumene production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including paper and pulp, healthcare, textiles, and water treatment. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Cumene pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Cumene prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Cumene pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

CAS No

98-82-8

HS Code

29027000

Molecular Formula

C9H12

cumene

Cumene, also known as Isopropyl benzene, is a colourless, flammable liquid that belongs to the Alkyl aromatic Hydrocarbon family. It has a distinctive odour and is primarily used as a key raw material in the production of Phenol and Acetone through the Cumene process.

Packaging Type

ISO Tank (Export-Import)

Grades Covered

Technical Grade (>99%)

Incoterms Used

FOB Tokyo, FOB Singapore Port, FOB Houston, CIF Shanghai (Singapore, Japan), CIF Nhava Sheva (Singapore, USA), CIF Genoa (USA), CIF Santos (USA)

Synonym

Isopropylbenzene, Isopropylbenzol, 2-Phenylpropane, (1- Methylethyl)benzene

Quotation Terms:

25-30 MT

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.

Characteristics	Specifications
Appearance	Clear Colourless Liquid
Colour (Pt-Co)	10
Assay (GC)	>99%
Water	None Detected
Uncertainty (μg/ml)	70.01 ± 1.12

Applications

Cumene is primarily used as a feedstock and intermediate in the production of various chemicals, including Phenol, Acetone, and Alkylbenzene. It serves as a key precursor in the synthesis of these important industrial compounds, playing a vital role in processes such as polymer production and the formulation of resins and solvents.

Disclaimer

Cumene price provided by 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 cumene. 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.

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Frequently asked questions

What factors influence Cumene prices in the global market? +

Several factors impact Cumene prices, including fluctuations in the cost of its key feedstock, Benzene and Propylene. Additionally, global supply and demand dynamics, especially in sectors like plastics and resins, influence pricing. Geopolitical events, such as trade policies or disruptions in production regions like the U.S. and China, and changes in energy prices (such as crude oil), can also significantly affect Cumene prices.

How can long-term contracts help in managing Cumene price volatility? +

Long-term contracts provide procurement heads with price stability by locking in prices for Cumene over a specified period. This can help mitigate the risks associated with price fluctuations due to feedstock changes or global supply chain disruptions. Negotiating favourable terms in long-term contracts also allows businesses to better forecast operational costs and manage their procurement budgets more effectively.

What are the expected trends for Cumene prices in the upcoming quarters? +

Cumene prices are likely to be influenced by the trends in the prices of Benzene and Propylene, along with global demand for downstream products like phenol and acetone. Additionally, factors like rising energy costs, changes in production capacity, and environmental regulations may drive future price trends. Procurement heads should monitor these variables closely to make informed purchasing decisions.