Dichlorobenzene Price Trends and Forecast

Dichlorobenzene Regional Price Overview

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

Dichlorobenzene Price Trend for the Q1 of 2024

Asia

In the first quarter of 2024, the price trend of dichlorobenzene, which is derived from benzene, varied across different regions due to several influencing factors. In Asia, the dichlorobenzene market experienced a smooth upward trend, primarily driven by rising benzene prices. This increase was fueled by higher crude oil prices and a limited supply, coupled with a resurgence in Chinese industrial activities post-Lunar New Year, which boosted domestic consumption. However, the Indian market showed more fluctuation, with initial price declines due to subdued demand, followed by a rebound as manufacturing industries raised their quotations, stabilizing the market towards the end of the quarter.
 

Dichlorobenzene Price Chart

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Europe

In Europe, the dichlorobenzene price trend was marked by oscillation, reflecting the instability in benzene prices. Limited trading activities and the shutdown of several manufacturing plants initially caused stagnation. However, as the chemical sector began to revive with increased production, the fluctuating crude oil prices and concerns over overseas imports continued to limit operational rates, resulting in an unstable pricing trajectory for dichlorobenzene. The export volumes also bore the effects of decline in international offers influenced by the rising number of Houthi attacks on shipments and disruption-diversion of the Red Sea route.

North America

In North America, dichlorobenzene prices surged in line with the upward movement in benzene prices. This was attributed to tight supply chains and heightened demand from aromatics and petrochemical-producing units. The market was also influenced by concerns about excess capacity in the petrochemical industry, potentially squeezing margins and increasing operating costs.

Petrochemical production saw a gradual increase, driven by restocking activities before and after the Lunar New Year in the Asian market. Maintenance shutdowns at major petrochemical plants like Royal Dutch Shell, BASF Total Petrochemical, and LyondellBasell due to unfavorable weather conditions further tightened the supply, contributing to the upward price trend.

Analyst Insight

According to Procurement Resource, the price trend of Dichlorobenzene is estimated to be dependent on the regional supply-demand dynamics and the market trend adopted by its feedstock benzene in the next quarter.

Procurement Resource provides latest prices of Dichlorobenzene. 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.