North America Cumene Prices Movement Q2

Cumene Prices in USA:

Cumene Prices in the United States in Q2 2024 got in June at 370 USD/MT, indicating a steady decline. Factors contributing to the price trend include weak demand for cumene from sectors such as acetone and phenol production. Those factors combined with weakening crude oil prices, seasonal slumps in construction, and hurricane-induced petrochemical outages have aggravated the situation. However, overall conditions due to these prevailing factors were not very encouraging for price realization during the quarter and resulted in lower prices despite demand for cumene being maintained in a number of other industrial applications.

Cumene Prices in China:

In Q2, cumene prices for China settled at 1,070 USD/MT in June, while prices remained stable throughout the entire quarter. Balanced supply and demand, consistent stocking levels, and mediocre imports contributed to avoiding larger swings considering the global realities. Such a minor seasonality and stable demand from acetone and phenol industries have also developed conditions for stability. Thus, this balance allowed cumene prices to remain stable even in an otherwise well-handled market environment throughout the quarter.

Cumene Prices in Belgium:

Belgium recorded cumene prices at 1,250 USD/MT in June of the second quarter of 2024. However, the market suffered a noticeable drop due to weak demand from solvent-related sectors and low-cost production because of falling naphtha prices. Economically, sluggishness and a reduced number of construction activities contributed to more downward push. The seasonal factor would also have resulted in reduced activity at the latter part of the quarter, hence reduced prices.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Cumene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Cumene price trend, offering key insights into global Cumene market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Cumene demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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