Benzene Prices and Forecasts | Provided by Procurement Resource

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Benzene is the simplest organic hydrocarbon and is an aromatic compound. Having a gasoline-like odour, this hydrocarbon is one of the natural constituents of crude oil. Its physical state is liquid with a melting and boiling point of 5.5 ⁰C and 80.1 ⁰C, respectively.

Benzene is one of the fundamental petrochemicals and is highly flammable and colourless. Its chemical formula is C6H6. It has a conjugated ring, which implies the formation of alternate double bonds by carbon atoms of the ring.

China, the USA, Saudi Arabia and the Netherlands are the top importers of Benzene in the world, while Korea, India, and Germany are some of the top Benzene exporters.

Key Details About the Benzene Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Benzene price, steel price, eggs price, etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Benzene price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Benzene Price Trend:

Benzene is commonly used as a solvent across industries (majorly production industries) in different stages of production, for example rubber and tires. Owing to its nature, Benzene is used as a constituent of gasoline production and other unrefined petroleum products (crude oil). It is also a strong adhesive and finds its uses in adhesion of the soles of shoes and footwear and even in heavy machinery. It is also used in the preparation of dyes and detergents.

Key Market Players:

• Shell Chemicals
• Reliance Industries Limited
• Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical)
• China Petroleum & Chemical Corporation (Sinopec Corp.)
• SynQuest Laboratories (Central Glass Co., LTD.)

News and Events:

• September 26, 2022 - 2022-2028 is expected to be a strong phase for the deuterated benzene as the market, most likely, will see a significant rise at a noteworthy rate.
  

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

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