Benzotrichloride Price Trend and Forecast

Benzotrichloride Regional Price Overview

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

Benzotrichloride Price Trend for the First Half of 2023

Asia

The prices of benzotrichloride were dependent on the market trend of toluene as it serves as its feedstock. In the first quarter, the trend inclined as the production sector of China revived after the uplifting of COVID-19 restrictions, and along with this, the demand from the polymer industries also inclined.
 

Benzotrichloride Price Chart

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This positive momentum of the market supported the rise in the price trend of benzotrichloride in the first quarter. In the second quarter, the prices were stable initially, but soon, with a fall in the number of new inquiries from the downstream sector, the trend of benzotrichloride prices took a bearish turn.

Europe

The European countries witnessed frequent fluctuations in the benzotrichloride price trend in both the first and second quarters of 2023. In the first half of the first quarter, the demand from the downstream industries increased along with the cost of crude oil materials. During this phase, supply chains also worked efficiently, which helped to maintain the trade sentiments of the region. On the other hand, in the second quarter, the rise in production activities led to an abrupt incline in the level of inventories that, along with the consistently declining costs of crude oil, adversely affected the growth of benzotrichloride prices.

North America

The prices of benzotrichloride declined in the first half of Q1 but later stabilized with high demand from the downstream derivatives sector. However, the initial phase struggled with weak momentum and feeble movement of crude oil prices.

In the second quarter, the trend oscillated significantly as it suffered from the adverse effects of inflation and poor performance of the feedstock industries. Further, the imports from the Asian countries increased the competitiveness in the region, due to which the domestic traders had to reduce their price quotations.

Analyst Insight

According to Procurement Resource, the price trend of Benzotrichloride is expected to trace an upward trajectory on the back of the prominent demand from the downstream sectors.

Procurement Resource provides latest prices of Benzotrichloride. 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.