Benzene Price Chart, Global Pricing, Market Demand & Historical Data 2024

Benzene Prices Show Stability in 2024, But Volatility Likely in 2025

Benzene prices in China remained largely flat during the final quarter of 2024, despite minor fluctuations in November. In October 2024, the benzene price held steady at USD 1085/MT, the same as in October 2023. November recorded a slight drop, with benzene prices falling to USD 1005/MT, down 5.2% from USD 1060/MT in the previous year. December mirrored the October pattern, with the benzene price unchanged year-on-year at USD 970/MT.

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This relative price stability is notable given the usual sensitivity of benzene price trends to crude oil fluctuations and downstream demand in petrochemical industries. The balanced performance reflects a mix of cautious buying activity, steady plant operations, and the absence of significant disruptions in either supply or feedstock costs. Despite the November dip, the market quickly stabilized heading into year-end.

According to Expert Market Research, benzene prices may become more volatile in 2025. Expected variability in crude oil markets and shifting demand for derivatives like styrene and phenol could introduce fresh price pressure. Additionally, any changes in refinery utilization rates or unexpected geopolitical disruptions could alter the current balance.

For procurement teams in plastics, chemicals, and synthetic materials sectors, tracking benzene price trends remains critical for budgeting and sourcing decisions. Even when year-on-year prices appear flat, the underlying factors-crude oil prices, inventory levels, and downstream consumption-can shift quickly.

While 2024 ended on a calm note, stakeholders should be prepared for pricing fluctuations in the months ahead. Close monitoring of global energy trends and petrochemical demand will be essential for anticipating shifts in benzene prices as the market moves into a potentially more turbulent 2025.

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Global Benzene Trade Overview: Key Exporters, Importers, and Major Suppliers

With benzene prices remaining relatively stable in late 2024, global trade dynamics continue to influence price movements and regional availability. The distribution of key exporters, importers, and dominant suppliers plays a significant role in shaping benzene price trends heading into 2025.

Leading Exporting Countries

India is a key exporter of industrial-grade benzene, supplying large volumes to markets in Asia and the Middle East. Japan, Thailand, Germany, Malaysia, United Kingdom, Singapore, and Canada also contribute significantly to global exports, supported by robust refining and petrochemical infrastructures. These countries not only stabilize the global supply chain but also influence regional benzene prices, especially during periods of supply tightness or surging demand.

Leading Importing Countries

Among the top importers are China and the United States, where large downstream industries rely heavily on benzene for the production of styrene, phenol, and other petrochemicals. Saudi Arabia, Belgium, Netherlands, Germany, France, and Italy also feature prominently, reflecting their dependence on imported benzene for both domestic consumption and re-export. Shifts in benzene price trends often impact these markets first, particularly when feedstock prices or logistics costs change abruptly.

Major Global Suppliers

Leading the global benzene supply landscape are established chemical giants including BASF SE, Chevron Phillips Chemical Company LLC, and China National Petroleum Corporation. Other major players such as Dow, DuPont, ExxonMobil Corporation, INEOS Group, and Reliance Industries Limited influence global benzene price movements through their production strategies, distribution networks, and integration across the petrochemical value chain.

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Report Scope:

Historical Price Data and Analysis, 2021-2024
Historical Price Data - Monthly
Grade-Wise Price Fluctuation
Correlation with Feedstock Price Movement
Key Market Opportunities and Risks
Price Outlook
Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
Long-Term Price Forecast (2 years), 2025-2026
Price Influencing Factors
Supply and Demand Analysis
Global Market Supply Analysis (2021-2026)
Global Market Demand Analysis (2021-2026)
Demand-Supply Gap Analysis
Historical Dynamics (2021-2024)
Market Dynamics (Drivers and Constraints)
Top 5 Deficit Countries with Net Import
Top 5 Surplus Countries with Net Export
Cost Breakdown
Direct Cost
Indirect Costs
Tax and Regulatory Costs
Profit Margin
Latest Industry News
Recent Developments
Geopolitical Events
Insights From Government Data and Industries Bodies
Key Macroeconomic Indicators
GDP Growth
Inflation Rates
Currency Exchange Rates
Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Benzene Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for benzene. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing benzene prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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About Claight Corporation (Expert Market Research):

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Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.

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