Cumene Price Index, Trend, Chart, News, Demand & Forecast
The global cumene market plays a vital role in the chemical industry, serving as a critical intermediate primarily used for the production of phenol and acetone. As demand for downstream products fluctuates, the pricing of cumene also experiences volatility, reflecting changes in supply and demand dynamics, raw material costs, and broader macroeconomic conditions. In recent times, cumene prices have been influenced by shifts in crude oil benchmarks since benzene and propylene, the two primary feedstocks, are closely tied to petroleum derivatives. When crude oil prices trend higher, feedstock costs rise, which exerts upward pressure on cumene production costs and ultimately drives market prices. Conversely, periods of weaker crude oil valuations tend to reduce input costs, softening price trends in the cumene sector. Another critical factor shaping cumene price behavior is demand from its downstream sectors, particularly phenol, acetone, and their derivatives such as b...