The IEA expects world oil demand to decline year-on-year for the first time since 2020, driven by the Iran war and Strait of Hormuz closure. Prices have eased on prospects of a surplus late in 2026, but renewed hostilities threaten supplies and introduce volatility.
Biphenyl Price Trend Analysis 2026: Price Drivers, Supply Demand Analysis, Market Insights, Historical Prices & Latest News
Written ByShriya Singh
Biphenyl Price Trend H1 2026
Biphenyl is an aromatic hydrocarbon prized for its thermal stability, serving as a heat transfer medium in liquid-phase heat exchange systems, as a precursor in specialty chemical synthesis, and as an intermediate that feeds into agricultural formulations such as fungicides, herbicides, and insecticides. Because the compound is rooted in benzene chemistry and shares sensitivity to aromatics like toluene, its pricing stays closely tethered to upstream feedstock movements and to the wider energy complex that shapes aromatic production economics.
Through the first half of 2026, biphenyl prices held a broadly steady to soft tone as balanced availability met measured downstream offtake. Benzene feedstock sentiment stayed largely range-bound for much of the period, lending stability to production costs even as occasional firmness in crude and energy values introduced intermittent upward pressure. Asian markets, anchored by Chinese and Indian output, leaned competitively priced amid ample regional supply and restrained buying from heat transfer and specialty chemical converters. European material carried a relative premium, reflecting elevated conversion and energy costs together with cautious procurement, while North American prices tracked the prevailing soft-to-firm balance, supported by steady but unspectacular industrial demand and comfortable inventory positions. Downstream appetite from the agrochemical and functional-fluid segments remained seasonal rather than robust, keeping the market from mounting any sustained rally and leaving sentiment subdued but stable.
Analyst Insight
According to Procurement Resource, biphenyl prices are likely to remain range-bound with a cautious bias in the near term, as stable benzene feedstock dynamics and balanced supply offset modest, demand-led fluctuations across the major consuming regions.
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U.S. crude oil futures dropped nearly 5% to $80.75 after President Trump announced a deal to reopen the Strait of Hormuz. The agreement could end the historic oil supply disruption, but uncertainties about tolls and mine clearance persist. Prices are likely to face downward pressure if the strait reopens as planned.
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Biphenyl functions as a precursor in the synthesis of polychlorinated biphenyls, an ingredient used in electrical equipment, and as a heat transfer medium in liquid-phase heat exchange systems. Further, biphenyl is an essential component used in herbicides and insecticides. Biphenyl market demand is thus majorly driven by the need for effective PCBs and agricultural chemicals, as well as the requirement for efficient heat transfer systems in industries including electronics, chemicals, and pharmaceuticals.
In Asia, particularly in China and India, biphenyl prices fell due to a corresponding decrease in toluene prices, affecting market trends negatively. Similarly, the South Korean biphenyl market experienced a downturn during this period as the consumer demand and the sales figures of the downstream industries nosedived due to the rising concerns over an industrial slowdown in Asian countries. In Europe, biphenyl prices also declined, although logistic disruptions caused by conflicts in the Middle East and Europe, such as the Israel-Hamas war and the Russian conflict, had some impact on supplies.
Despite these disruptions, inventory levels managed to meet meek industry demands. In North America, economic disturbances, including the failure of major banks, initially kept industrial activities and the procurement rates of biphenyl low. However, gradual improvements supported biphenyl prices, although high inventories continued to dominate market sentiments across the region.
About Biphenyl
Biphenyl is basically an organic compound that forms colourless crystals. It has a distinctively pleasant smell. It is insoluble in water. Its vapours are heavier than air. It is often utilised to produce other chemicals and is used as a fungicide.
Biphenyl Product Detail
Chemical Formula
C12H10
Cas Number
92-52-4
Molecular Weight
154.21g/mol
Industrial Uses
Functional fluids (closed systems), Heat transfer fluids, Processing aids, Used while reducing the radical anion with lithium.
Synonyms
1,1'-Biphenyl, Phenylbenzene, Diphenyl
Supplier Database
Acros Organics, Alpha Chemika, Sisco Research Laboratories Pvt. Ltd
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Biphenyl Production Processes
- Production of Biphenyl via Benzene
Biphenyl can be produced by heating bromobenzene with sodium along with subsequent distillation. It can also be produced by passing benzene through a red-hot iron tube.
About the Author
Shriya Singh
Business Insights Analyst
Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.
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