Product
Cumene Price Trend and Forecast
Cumene Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Cumene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
The price trends of Cumene remained strong throughout the Asian market during the first half of the said year. With the surging costs of crude oil and feedstock benzene and propylene amid the strong demand from automotive and chemical industries, the cumene prices increased in the domestic market.
However, a slight dip was seen in the prices because of the renewed production after removing covid restrictions, but soon the robust demand outmatched the supply and caused the prices to rise again. The cumene price averaged 1415 USD/MT in India, while feedstock benzene averaged 1410.58 USD/MT in China.
Europe
The staggering energy crisis unleashed in Europe owing to the Russia-Ukraine geopolitical confrontation caused the crude oil and natural gas prices to reach an all-time maximum. The feedstock benzene and propylene cost surged, averaging $1427/ton FOB Hamburg and 929.5 USD/MT CIF Northwest Europe, respectively. However, the prices stabilized towards the end of the second quarter as the upstream costs relaxed along with high-cost inflation and demand destruction.
North America
The US domestic market closely mimicked its European counterpart. The price trends of Cumene soared owing to the high crude oil prices, freight charges, labour shortages and trade bottlenecks. The cumene prices averaged 1240 USD/MT during the said period. The prices soared during the second quarter due to the solid downstream demand from phenol and acetone manufacturers.
Procurement Resource provides latest prices of Cumene. 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.
About
Cumene is a clear, colourless liquid with a pleasant scent. A wide range of petroleum products contain cumene. Humans may experience headaches, dizziness, drowsiness, mild incoordination, and unconsciousness after experiencing acute (short-term) inhalation exposure to cumene. Cumene has a strong central nervous system (CNS) depressive action with long-lasting narcotic effects in animals and a gradual onset period. Cumene is irritating to the skin and eyes.
Product Details
| Report Features | Details |
| Product Name | Cumene |
| HS CODE | 29027000 |
| CAS Number | 98-82-8 |
| Industrial Uses | Plastic Industry, Production of phenol and acetone, Manufacture of paints, lacquers, and enamels |
| Chemical Formula | C9H12 |
| Synonyms | Isopropylbenzene, 2-phenylpropane |
| Molecular Weight | 120.19 g/mol |
| Supplier Database | Royal Dutch Shell Plc, Exxon Mobil Corporation, BASF SE, Sumitomo Chemical Co. Ltd, The Dow Chemical Company |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Cumene Production via Friedel–Crafts Alkylation
In Friedel–Crafts Alkylation, one of the catalysts such as solid phosphoric acid (SPA) supported on alumina, zeolite, or aluminium chloride, is used to conduct the alkylation of benzene and propylene so as to get the final product, cumene.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
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