Acetophenone Price Trends and Forecast

Acetophenone Regional Price Overview

Get the latest insights on price movement and trend analysis of Acetophenone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Acetophenone Price Trend for the Q1 of 2024

In the first quarter of 2024, the price trend of acetophenone, which is derived from benzene, was influenced by various regional market dynamics. In Asia, particularly China, the steady rise in benzene prices was driven by increasing crude oil prices, limited supply, and a significant recovery in industrial activity post-Lunar New Year, boosting domestic demand. Similarly, South Korea experienced a noticeable surge in the cost of production of raw materials of acetophenone throughout the quarter, significantly affecting the price trend of acetophenone as well. In contrast, India experienced fluctuating benzene prices due to variable manufacturing activity and market adjustments.
 

Acetophenone Price Chart

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On the other side, Europe's benzene market saw instability, attributed to limited trading and periodic shutdowns of manufacturing plants, influenced by volatile crude oil prices and concerns over import dependencies. Meanwhile, in North America, benzene prices surged due to tight supply chains and heightened demand from the aromatics and petrochemical sectors. This trend was exacerbated by maintenance shutdowns at key petrochemical plants, efforts to restock inventories around the Lunar New Year period in China, and limited imports.

However, the surge was limited due to a rise in inventory levels during the end phase of the quarter, and thus, the market took on a slightly stagnant stance. Therefore, the acetophenone market, closely tied to benzene price trends, reflected these regional influences, showing overall variability in pricing due to the interconnected factors affecting benzene supply and demand globally.

Analyst Insight

According to Procurement Resource, the price of Acetophenone is estimated to surge, although at a slower pace, influenced by the challenges and changes in the crude oil and benzene market conditions.

Procurement Resource provides latest prices of Acetophenone. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.