Benzyl Alcohol Price Trend and Forecast

Benzyl Alcohol Regional Price Overview

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

Benzyl Alcohol Price Trend for the Q1 of 2024
 
Asia

Benzyl alcohol is majorly produced by the hydrolysis of benzyl chloride. Thereby, the prices for both benzyl alcohol and its feedstock benzyl chloride are found in close alliance with each other. Asian benzyl alcohol prices were observed to be oscillating for the majority of the said period.
 

Benzyl Alcohol Price Chart

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Asia, particularly India and China, observed a notable uptick in petroleum prices as the Russian discounts on crude were discontinued. Therefore, the manufacturing costs escalated for benzyl alcohol with a rise in the upstream manufacturing costs. Consumption from the downstream pharma and cosmetic industries was also supportive of the uplifting market sentiments. Prices had a slightly sluggish start in the Indian markets as the inventory pressure weighed down the price trajectory here initially; however, the situation started improving very quickly. Overall, an optimistic market performance was observed for benzyl alcohol during the said period.

Europe

Trading situations in the European markets were a little complicated during the given period. The Russian war entered its third year and heated up even more. The supply chains were already disturbed because of that, and the escalation of the Israel and Hamas conflict in the Middle East further curtailed the situation. The number of vessels passing through the Suez Canal, which serves as the maritime gateway between Asia and Europe decreased almost by half.

These factors disturbed the industrial activity in the region. Thereby, the consumption patterns were largely unsatisfactory. As a result, the downstream demands did not provide much cost support for the benzyl alcohol price trend. However, the rise in feedstock and energy costs did keep the market buoyant for the large part.

North America

The North American benzyl alcohol markets were relatively more inclined during the said time period. The prices were mostly fluctuating at the higher end of the curve. Influenced by the global hikes the production costs were high in the American markets too, concurrently the downstream demands were also supportive for the most part. Thus, the price graph was found to be elevated with some occasional temporary dips.

Analyst Insight

According to Procurement Resource, the Benzyl Alcohol prices are expected to continue varying in the coming months. Current supply and demand dynamics suggest buoyancy in the global benzyl alcohol markets going forward as well.

Procurement Resource provides latest prices of Benzyl Alcohol. 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.