Benzyl Chloride Price Trend and Forecast

Regional Price Overview

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

Benzyl Chloride Price Trend for the First Half of 2023

Asia

The Benzyl Chloride market experienced consistent depreciation in the first two quarters of the year 2023. Despite some reverse fluctuations, the overall tilt for price trend was still negative. A decline in demand from the downstream pharma, chemical, plastics, dyes, agriculture, resin, perfume, etc., industries was the primary reason behind this downfall.

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In China, the economy was still struggling with the post-lockdown consequences, so the end consumer offtakes were considerably reduced. While in India, the upstream situation was easing consistently. So, the production and transportation costs were reduced, which further decreased the upstream cost support for Benzyl Chloride in the region. Overall, negative market trend were observed.

Europe

The European Benzyl Chloride markets observed a mixed price trend during the first half of the year 2023. The first quarter started on a fairly positive note. As the trade disruptions caused by the Russian invasion of Ukraine started subsiding, the market queries rose for Benzyl Chloride.

Both domestic and offshore purchases were optimistic. Stability in the crude oil prices after a long time also helped the Benzyl Chloride market. However, by the middle of the second quarter, the inventory size started dominating the market outlook, and the suppliers had to cut down the selling prices in order to maintain the market momentum.

North America

In a similar run to the European market, the Benzyl Chloride prices in the American market oscillated throughout the said period. With stable supply and demand dynamics in the first quarter, the price curve was almost flat. However, a glut in supplies pushed the trend down in the following quarter.

Analyst Insight

According to Procurement Resource, further oscillations are anticipated in the Benzyl Chloride market in the coming months. Since most major markets have uninterrupted supplies, the demand patterns will be crucial for price trend.

Procurement Resource provides latest prices of Benzyl Chloride. 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.