Biphenyl Price Trend and Forecast

Biphenyl Regional Price Overview

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

Biphenyl Price Trend for the Second Half of 2023

Biphenyl functions as a precursor in the synthesis of polychlorinated biphenyls, an ingredient used in electrical equipment, and as a heat transfer medium in liquid-phase heat exchange systems. Further, biphenyl is an essential component used in herbicides and insecticides. Biphenyl market demand is thus majorly driven by the need for effective PCBs and agricultural chemicals, as well as the requirement for efficient heat transfer systems in industries including electronics, chemicals, and pharmaceuticals.
 

Biphenyl Price Chart

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In Asia, particularly in China and India, biphenyl prices fell due to a corresponding decrease in toluene prices, affecting market trends negatively. Similarly, the South Korean biphenyl market experienced a downturn during this period as the consumer demand and the sales figures of the downstream industries nosedived due to the rising concerns over an industrial slowdown in Asian countries. In Europe, biphenyl prices also declined, although logistic disruptions caused by conflicts in the Middle East and Europe, such as the Israel-Hamas war and the Russian conflict, had some impact on supplies.

Despite these disruptions, inventory levels managed to meet meek industry demands. In North America, economic disturbances, including the failure of major banks, initially kept industrial activities and the procurement rates of biphenyl low. However, gradual improvements supported biphenyl prices, although high inventories continued to dominate market sentiments across the region.

Analyst Insight

According to Procurement Resource, the price trend of Biphenyl is estimated to depict an oscillating journey as the downstream industries and global trading routes are expected to suffer from the ill consequences of the ongoing geopolitical struggles.
 

Biphenyl Price Trend for the First Half of 2023

The biphenyl market is primarily influenced by its feedstock compound, benzene, so the price trend for Biphenyl closely follow benzene price patterns. The prices varied in a mixed pattern throughout the first two quarters of 2023.

Uneven supply–demand dynamics kept the prices oscillating. High crude oil and energy prices pushed the upstream costs up, but at the same time, slow demands from downstream sectors would pull the market down. Biphenyl prices remained tugged among different factors of influence.

Prices moved up initially in the first quarter as the disrupted supply chains and port congestions blocked the supplies and caused product shortages in the market. The supplies were restored in the second quarter owing to port clearance and new trade routes; however, the downstream demands failed to support the price growth, and depreciating trend were observed.

Analyst Insight

According to the Procurement Resource, the Biphenyl prices will continue to oscillate in the coming quarter, given the current market dynamics. With trade normalization, the supply situation has greatly improved, which, amid bearish demands, will likely impact the Biphenyl market.

Procurement Resource provides latest prices of Biphenyl. 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.