Benzene Price Index

Benzene Price Trend, Index and Forecast

Track the latest insights on benzene price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Benzene Prices Outlook Q1 2025

• USA: US$ 862/MT
• China: US$ 993/MT
• India: US$ 938/MT
• Germany: US$ 923/MT
• Brazil: US$ 730/MT

Benzene Price Chart

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During the first quarter of 2025, the benzene prices in the USA reached 862 USD/MT in March. As per the benzene price chart, prices were influenced by variations in crude oil prices and a lack of demand across major industries. Although prices remained stable in January after the holidays, weak downstream demand from polymers and solvents, combined with inflationary pressures, constrained any substantial price increases.

During the first quarter of 2025, benzene prices in China reached 993 USD/MT in March. The market was additionally influenced by the global economic downturn, falling prices of crude oil and naphtha, and uncertainties surrounding trade. Although there were some supply disruptions, weak consumption and overcapacity in the petrochemical sector prevented any significant recovery. Throughout the quarter, prices generally fell, and there was little hope for a quick recovery.

During the first quarter of 2025, the benzene prices in India reached 938 USD/MT in March. Prices in India experienced a downward trend influenced by falling crude oil and naphtha prices and reduced demand for polymers and solvents. Further strains on the market resulted from uncertainties regarding global trade and an excess of capacity in the petrochemical industry. Even with certain supply interruptions, the overall sentiment continued to be bearish, with minimal backing from the styrene segment.

During the first quarter of 2025, the benzene prices in Germany reached 923 USD/MT in March. Prices experienced volatility as a result of changing feedstock costs and low demand from downstream industries. Despite a brief price rise in January, the market remained subdued due to inadequate sustained growth stemming from weak demand for polymers, aromatics, and solvents.

During the first quarter of 2025, the benzene prices in Brazil reached 730 USD/MT in March. Prices experienced fluctuations due to weak demand from essential sectors such as polymers, aromatics, and solvents. The decline in crude oil prices resulted in reduced production costs; however, due to economic instability and uncertainties surrounding trade, demand remained low. The activity in the polymer sector, which is a significant benzene consumer, decreased, contributing to the overall price drop.

Benzene Prices Outlook Q4 2023

• USA: US$ 1007/MT
• South Korea: US$ 861/MT
• Saudi Arabia: US$ 896/MT
• Brazil: US$ 835/MT

The benzene prices in the United States for Q4 2023 reached 1007 USD/MT in December. The market witnessed a significant decline due to moderate demand from sectors like styrene and cumene, alongside steady supply levels. Reduced import volumes at major ports and stable crude oil inventories also contributed to the bearish market conditions, with prices falling as downstream demand remained weak throughout the quarter.

The price trend for benzene in South Korea for Q4 2023, reached 861 USD/MT in December. The market faced a bearish trend due to weak demand from downstream sectors. Rising costs in crude oil and naphtha and a projected increase in regional supply contributed to price declines. Buyers were hesitant, anticipating more supply and maintaining a cautious approach in purchasing activities.

The price trend for benzene in Saudi Arabia for Q4 2023, reached 896 USD/MT in December. The market remained stable with moderate supply and demand, despite a bearish regional trend. Weak demand from end-use sectors and increased imports from Asia influenced the market dynamics. The potential for improved prices in the next quarter was anticipated, contingent on better demand and reduced supply due to recent crude production cuts.

The price trend for benzene in Brazil for Q4 2023, reached 835 USD/MT in December. In Q4 2023 the market showed stability with moderate supply but low demand from downstream industries. Weak retail performance and rising production costs from increased naphtha prices kept the market bearish. An uptick in manufacturing provided some support, but challenges in meeting domestic oil demand led to fluctuating prices, with a cautious outlook remaining for the sector.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the benzene prices.

Global Benzene Price Trend

The report offers a holistic view of the global benzene pricing trends in the form of benzene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of benzene, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed benzene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Benzene Price Trend

Q1 2025:

As per the benzene price index, prices experienced fluctuations due to changes in feedstock costs, low demand from downstream industries, and economic difficulties. Prices were stable at the start of the quarter as operations resumed after the holiday. In mid-January, there was a brief price increase, but sustained growth did not occur due to weak demand in essential sectors such as solvents and polymers. Escalating energy expenses and geopolitical uncertainty contributed to the downward pressure.

Q4 2023:

During the fourth quarter of 2023, the European benzene market remained bearish, driven by weak demand across various sectors and an oversupply situation. The sluggish pace in manufacturing durable and non-durable consumer goods, combined with a decline in intermediate goods production, pressured benzene prices. Downstream industries, particularly styrene and cumene, also showed a mediocre demand outlook. Furthermore, crude oil production cuts by Saudi Arabia added to the cost pressures on production. The continuous decrease in benzene bid offers throughout the quarter and the adjustments in crude prices by Saudi Aramco further influenced the market, keeping it in a downward trend despite moderate supply levels.

This analysis can be extended to include detailed benzene price information for a comprehensive list of countries.

North America Benzene Price Trend

Q1 2025:

Benzene prices in North America exhibited a mixed performance in Q1 2025, affected by the volatility of crude oil and naphtha prices and a weakening demand in critical sectors. January started off with a degree of stability as production resumed after the holidays, accompanied by short-lived price hikes. Nevertheless, the demand from downstream sectors like polymers and solvents remained weak, which limited sustained gains. Even with infrequent increases in prices, the market felt the effects of inflation, refining problems, and tariff worries, resulting in a drop in March.

Q4 2023:

In Q4 2023, the benzene market saw a significant decline in North America mainly influenced by moderate supply and demand, particularly from downstream sectors. The slowdown in import cargo at major U.S. ports contributed to this trend. Although there was an anticipation of improved demand at the end of the quarter, benzene prices continued to fall due to reduced activity in the petrochemical industry. Retailers engaged in destocking amid subdued market conditions. Additionally, stable crude oil inventories and a steady inflation rate suggested no immediate changes in pricing. Overall, the market remained bearish, with benzene prices declining as a result of these combined factors.

Specific benzene historical data within the United States and Canada can also be provided.

Middle East and Africa Benzene Price Trend

Q1 2025:

The report explores the benzene trends and benzene price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Q4 2023:

The benzene market in the Middle East and Africa region during Q4 2023 experienced a bearish trend due to weak demand and recent increase in port imports. The quarter concluded with a negative outlook, marked by low production rates and decreased demand for products like styrene and cumene. Imports mainly from Asian countries, along with reduced production and supply cuts, shaped the market dynamics. As the quarter ended, there was cautious optimism about potential price improvements in the next quarter, hinging on better demand from downstream sectors.

In addition to region-wise data, information on benzene prices for countries can also be provided.

Asia Pacific Benzene Price Trend

Q1 2025:

The report explores the benzene trends and benzene price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Q4 2023:

The Asia-Pacific benzene market in Q4 2023 faced a bearish outlook due to weak demand and lower production rates. The region, particularly South Korea, saw reduced domestic prices, influenced by decreased imports and rising costs in the naphtha and crude oil markets. Hesitancy among buyers grew due to a predicted increase in supply, while downstream sectors like styrene and cumene exhibited a subdued demand. The market’s overall tone was cautious, with participants reluctant to engage at prevailing prices, reflecting the complex interplay of regional and global supply chain dynamics.

This benzene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Benzene Price Trend

Q1 2025:

As per the benzene price index, prices experienced considerable fluctuations due to the volatility of crude oil prices and changes in demand from essential sectors. The quarter commenced with a lackluster sentiment due to decreasing crude oil prices, which led to lower naphtha costs and price cuts. Demand for polymers, aromatics, and solvents remained weak, especially in the automotive and construction sectors.

Q4 2023:

Throughout Q4 2023, benzene market in Latin America was characterized by stability, with moderate supply and subdued demand from downstream sectors. Rising upstream naphtha prices and geopolitical tensions in the Middle East influenced benzene production costs and buyer interest. In Brazil, an initial expansion in the manufacturing sector provided some positive momentum, though the overall market conditions remained soft. Challenges in meeting domestic oil demand also led to price fluctuations, with the benzene market outlook dependent on shifting dynamics in the broader energy market and downstream demand recovery.

This comprehensive review can be extended to include specific countries within the region.

Benzene Price Trend, Market Analysis, and News

IMARC's latest publication, “Benzene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report ​2025​ Edition,” presents a detailed examination of the benzene market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of benzene at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed benzene prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting benzene pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Benzene Industry Analysis

The global benzene industry size reached USD 66.15 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 87.83 Billion, at a projected CAGR of 3.04% during 2025-2033.

• The rising occurrence of various pest or insect related diseases in plants is impelling the growth of the market. Benzene in widely employed for the manufacturing of various effective insecticides and pesticides, such as hexachlorobenzene. According to the National Institute of Food and Agriculture and the United States Department of Agriculture, between 20% to 40% of global crop production is lost to pests every year. This is further driving the demand for pesticides among farmers to improve crop yield.
• Apart from this, the increasing utilization of benzene in the pharmaceutical industry to manufacture paracetamol is propelling the market growth. Paracetamol is a popular drug often consumed to get rid of mild to moderate pain, fever, and headaches. On the basis of the report presented by the Consumer Healthcare Products Association, Acetaminophen, which is also known as paracetamol, is the most common drug ingredient in the United States, and it is found in more than 600 different medicines, including prescription and over-the-counter (OTC) pain relievers, fever reducers, and sleeping pills as well as cough, cold, and allergy medicines.
• The growing employment of benzene in the production of styrene is supporting the market growth. Commercially, styrene is manufactured by the alkylation of benzene and ethylene to make ethylbenzene, followed by the dehydrogenation of ethylbenzene to styrene utilizing large feeding streams over the iron oxide-based catalyst. Styrene is extensively used as a monomer in the polymer industry for the creation of plastics, rubbers, and various types of resins. The report presented by Our World in Data in 2023 stated that plastic production increased sharply over the last 70 years and produced 450 million tons. This is also responsible for driving the demand for benzene for the manufacturing of styrene.
• Moreover, benzene derivatives play a crucial part in the production of rubbers, which are widely employed for the manufacturing of tires and various other rubber products. Furthermore, the increasing demand for benzene in the production of industrial solvents is bolstering the market growth.

Benzene News

The report covers the latest developments, updates, and trends impacting the global benzene industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in benzene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the benzene price trend.

Latest developments in the benzene industry:

• In 2023, BASF SE announced that its Yeosu site in Korea has successfully created the first biomass balanced (BMB) methylene diphenyl diisocyanate (MDI). BASF has now manufactured biomass balanced MDI, made with biomass-balanced benzene.
• In 2021, Covestro received its first delivery of 2,000 metric tons of sustainable benzene from Total and set a milestone on its efforts towards a circular economy.

Product Description

Benzene is a colorless liquid chemical compound that evaporates into the air spontaneously and imparts a sweet characteristic odor. It is highly flammable and can be manufactured from both natural and human activities. It is miscible with alcohol, chloroform, ether, carbon disulfide, acetone, oils, carbon tetrachloride, and glacial acetic acid. It is effective in dissolving or thinning other substances, enhancing product application and performance.

It is also employed in the pharmaceutical industry for the production of medicines like paracetamol which are widely consumed for curing fever and pain. It is also used for the production of detergents, which are necessary for thoroughly cleaning and washing fabrics and clothes. It is necessary for the formulation of aniline, which is a vital ingredient in dyes and is also used in petroleum refining.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of benzene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting benzene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The benzene price charts ensure our clients remain at the forefront of the industry.