ethyl benzene Pricing Assessment

Markets Covered:

United States

Belgium

China

India

Netherlands

Ethyl Benzene Price Trend, Analysis and Forecast

As of August 2024, ethyl benzene prices are fluctuating around $1,620 per metric ton, FOB Shanghai reflecting a decrease from the previous month. The market has experienced rising prices due to multiple supply-side constraints, including lower-than-expected production in key regions and higher raw material costs. Supply limitations were exacerbated by ongoing maintenance schedules.

Geopolitical tensions in the Middle East have also impacted the global supply of benzene, a key feedstock for ethyl benzene, resulting in volatility in pricing. Additionally, global demand from the automotive and electronics sectors has been robust, pushing up ethyl benzene consumption and contributing to price increases. Ethyl benzene is a critical intermediate to produce styrene, and strong styrene demand, especially in the construction and packaging industries, has further supported upward pricing trends.

In Q3 2024, ethyl benzene prices are under continued upward pressure as supply constraints persist, and demand from the styrene segment remains high. Styrene production in China and India has increased, while packaging and automotive sectors have driven global consumption growth compared to the previous year. However, the construction sector in several markets, particularly Europe, has seen a modest decline in demand, softening the growth potential somewhat.

Looking ahead to Q4 2024 and beyond, the Asia-Pacific region is expected to see steady growth in ethyl benzene production, with new capacity additions primarily in China and India. While these additions will help meet the region’s growing demand, the market is likely to remain volatile due to fluctuating raw material costs, environmental regulations, and shifting demand dynamics across key industries like automotive and packaging. Geopolitical tensions, especially around trade relations, and changes in energy policies could further impact the stability of the supply chain.

Why ?

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, 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 benzene prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely Lactic Acid market data.

Track ‘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.

is your trusted resource for tracking global ethyl benzene price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the ethyl benzene 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 ethyl benzene prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely ethyl benzene market data.

Track 's ethyl 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.

Historically, several events have caused significant fluctuations in ethyl benzene prices

Russia-Ukraine Conflict (2022-Present): Ongoing disruptions to European ethyl benzene and benzene supply chains have caused a dramatic increase in prices and introduced long-term volatility across the ethyl benzene market.

Texas Winter Storm (2021): Unprecedented freezing weather in the U.S. caused significant production halts, leading to temporary price surges in ethyl benzene.

COVID-19 Pandemic (2020): Initially, demand for ethyl benzene decreased due to global lockdowns. However, as industrial activity resumed, prices rebounded sharply, driven by pent-up demand.

Geopolitical Tensions (2018-2019): U.S.-China trade wars caused supply chain disruptions that increased benzene and ethyl benzene prices due to changes in trade policies and tariffs.

Shale Gas Boom (2010s): Increased availability of low-cost ethane from the U.S. led to lower benzene production costs, easing pressure on ethyl benzene prices during this period.

Global Financial Crisis (2008-2009): A sudden drop in industrial demand during the global recession caused a sharp fall in prices.

Methodology and Specifications

ethyl benzene Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates global pricing data from commodity exchanges, industry reports, and proprietary databases.

On-the-Ground Intelligence: Insights from market participants, including producers, traders, and end-users, across key production hubs.

Supply Chain Monitoring: Tracking raw material availability (benzene, ethane), production status, and logistical channels.

Event Tracking and Impact Analysis

Geopolitical Tensions: Continuous monitoring of global developments such as conflicts, trade disputes, and their potential impact on supply chains.

Natural Disasters: Assessing the effects of hurricanes, winter storms, and other climate-related events on ethyl benzene production.

Economic Shifts: Evaluating macroeconomic trends to predict shifts in demand and their impact on prices.

Production Capacity and Supply Analysis

Current Production Monitoring: Comprehensive tracking of global production facilities, including maintenance schedules and output levels.

Future Capacity Projections: Forecasts of new plants, expansions, and technological advancements in ethyl benzene production.

Demand Forecasting

Sectoral Demand Analysis: In-depth analysis of demand trends across key sectors such as styrene production, automotive, packaging, and construction.

Global Demand Dynamics: Regional demand variations and their influence on global ethyl benzene pricing.

Pricing Model Development

Dynamic Pricing Models: Advanced econometric models that factor in real-time data, historical trends, and future market projections.

Scenario Analysis: Evaluating best-case, worst-case, and most likely scenarios to prepare clients for a range of potential outcomes.

Reporting and Client Support

Comprehensive Reports: Detailed reports including price assessments, forecasts, and market driver analysis.

Ongoing Support: Continuous updates and personalized client support to ensure up-to-date market intelligence.

Specifications

Molecular Weight[g/mol]

106.167 g/mol.

CAS No

100-41-4

HS Code

29026000

Molecular Formula

C8H10

ethyl benzene

Ethylbenzene is a colorless, flammable liquid that smells like gasoline. It is naturally found in coal tar and petroleum and is also found in manufactured products such as inks, pesticides, and paints. Ethylbenzene is used primarily to make another chemical, styrene. Other uses include as a solvent, in fuels, and to make other chemicals.

Packaging Type

Drum

Grades Covered

Ethylbenzene Purity: 99.7%

Incoterms Used

FOB China, FOB USA, FD Belgium, FD Netherlands, CIF Nhava Sheva.

Synonym

Ethylbenzene

Quotation Terms:

20-25 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.

Property

Specification

Boiling point

136 °C (1013 hPa)

Density

0.87 g/cm3 (20 °C)

Flash point

22.0 °C

Ignition temperature

430 °C

Melting Point

-94.9 °C

Vapor pressure

9.5 hPa (20 °C)

Viscosity kinematic

0.63 mm2/s (40 °C)

Solubility

0.2 g/l

Applications

Ethyl benzene is primarily used as a feedstock to produce styrene, a critical material for plastics, resins, and synthetic rubber. It is also used in the manufacturing of paint solvents, rubber chemicals, and pharmaceuticals.

Disclaimer

Ethyl Benzene 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 ethyl benzene. 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 are the key factors affecting Ethyl Benzene prices in the market? +

The pricing of Ethyl Benzene is influenced by several key factors, including raw material costs such as benzene and ethylene, which are the primary feedstocks for its production. Additionally, fluctuations in global supply and demand, especially in the petrochemical and styrene production industries (since Ethyl Benzene is a key precursor for styrene), play a significant role in price determination. External elements like crude oil prices, geopolitical instability, energy costs, and trade tariffs can also contribute to price volatility in the Ethyl Benzene market.

How does regional production impact Ethyl Benzene pricing? +

Regional production has a notable impact on Ethyl Benzene pricing. Areas with strong local production, such as Asia-Pacific and North America, tend to offer more competitive pricing due to reduced transportation costs and stable supply chains. Conversely, regions that rely heavily on imports, such as parts of Europe or emerging markets, often face higher prices due to shipping fees, import duties, and potential supply chain disruptions. Additionally, local refining capacity and demand for related products like styrene can also influence regional pricing trends.

What is the latest trend in Ethyl Benzene pricing, and how can I secure better rates? +

Recent trends in Ethyl Benzene pricing show an increase in price volatility, driven by fluctuations in the cost of crude oil and raw materials like benzene and ethylene. To secure better rates, companies can consider locking in long-term contracts with suppliers, monitoring crude oil and petrochemical price indices, and exploring bulk purchasing agreements to take advantage of economies of scale. Staying informed about global supply chain conditions and considering alternative sourcing strategies can also help mitigate unexpected price increases.