1,4-Dimethylbenzene Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of 1,4-Dimethylbenzene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

1,4-Dimethyl Benzene Price Trend for the H1 of 2023

Asia

The Asia Pacific market of 1,4-Dimethyl benzene favored a price hike in the first two quarters of 2023. The market was supported by the hike in demand from the downstream industries, and because of that, many manufacturing plants worked at their peak power, especially in South Korea. As a result, the supply dynamics in the region gained momentum. However, the production rates in some regions fell due to repairs which negatively impacted the product's availability and caused a deficit in some regions in Asia, supporting the rising trend of the prices.

Europe

In the initial months of the first quarter, the prices of 1,4-Dimethyl benzene increased as they were influenced by the rising demand from the downstream industries. But in the subsequent months, the strikes from labor at ports and excess availability of the product in the market led to a downward trajectory in the prices of 1,4-dimethyl benzene. The demand for the product was, however, stable in the later months too, which helped the trend to remain afloat.

North America

In the initial months of 2023, the prices of 1,4-Dimethyl benzene declined, followed by a slight rise in the subsequent months. The major influencing factors in North America were the demand from the downstream polymer industries, the pace of economic activities, and the production rate. In the initial phase, the demand sector was feeble, and the economy of the region struggled with domestic challenges. However, towards the later months of said period, the price trend of 1,4-Dimethyl benzene was supported by the rising demand and improved production rates.

Analyst Insight

According to Procurement Resource, the price of 1,4-Dimethyl benzene is estimated to showcase a mixed trend in the upcoming quarter. Given the regional imbalances, the downstream demand and the global inflation rates will play a major role in deciding future trends.

Procurement Resource provides latest prices of 1,4-Dimethylbenzene. 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.