U.S. benchmark and international crude benchmarks both fell as investors took profits following prior gains on the announcement of sweeping new U.S. sanctions targeting Iran. The 'Operation Economic Outcast' campaign imposes global sanctions with no exemption for China, creating uncertainty around Iranian oil flows. Prices remain volatile as markets assess whether the sanctions will successfully isolate Iran's energy sector or be circumvented.
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
Asia
In the first quarter of 2024, the price trend of dichlorobenzene, which is derived from benzene, varied across different regions due to several influencing factors. In Asia, the dichlorobenzene market experienced a smooth upward trend, primarily driven by rising benzene prices. This increase was fueled by higher crude oil prices and a limited supply, coupled with a resurgence in Chinese industrial activities post-Lunar New Year, which boosted domestic consumption. However, the Indian market showed more fluctuation, with initial price declines due to subdued demand, followed by a rebound as manufacturing industries raised their quotations, stabilizing the market towards the end of the quarter.
Europe
In Europe, the dichlorobenzene price trend was marked by oscillation, reflecting the instability in benzene prices. Limited trading activities and the shutdown of several manufacturing plants initially caused stagnation. However, as the chemical sector began to revive with increased production, the fluctuating crude oil prices and concerns over overseas imports continued to limit operational rates, resulting in an unstable pricing trajectory for dichlorobenzene. The export volumes also bore the effects of decline in international offers influenced by the rising number of Houthi attacks on shipments and disruption-diversion of the Red Sea route.
North America
In North America, dichlorobenzene prices surged in line with the upward movement in benzene prices. This was attributed to tight supply chains and heightened demand from aromatics and petrochemical-producing units. The market was also influenced by concerns about excess capacity in the petrochemical industry, potentially squeezing margins and increasing operating costs.
Petrochemical production saw a gradual increase, driven by restocking activities before and after the Lunar New Year in the Asian market. Maintenance shutdowns at major petrochemical plants like Royal Dutch Shell, BASF Total Petrochemical, and LyondellBasell due to unfavorable weather conditions further tightened the supply, contributing to the upward price trend.
Analyst Insight
According to Procurement Resource, the price trend of Dichlorobenzene is estimated to be dependent on the regional supply-demand dynamics and the market trend adopted by its feedstock benzene in the next quarter.
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Dichlorobenzene refers to the three isomeric chemical compounds: 1,2-dichlorobenzene, 1,3-dichlorobenzene, and 1,4-dichlorobenzene. These compounds are characterized by two chlorine atoms attached to a benzene ring in different positions. They are colorless liquids with a distinct aromatic odor and varying solubilities in water but are highly soluble in organic solvents.
1,4-Dichlorobenzene is commonly used as a moth repellent and deodorizer, while 1,2-dichlorobenzene and 1,3-dichlorobenzene are primarily used as intermediates in the production of other chemicals, solvents, and in the manufacturing of agrochemicals and dyes. Dichlorobenzenes are also utilized in degreasing applications and play a significant role in industrial chemical synthesis due to their effective chlorination properties.
C6H4Cl2
Solvent, Polymers and resins, Chemical synthesis
ABI Chemicals, Alfa Aesar, Hangzhou Uniwise International Co Ltd, ConierChem, Sumitomo Chemical, TCI and Tractus Co. Ltd
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.
In the presence of Lewis acids like FeCl3, AlCl3, MnCl2, MoCl3, etc., as reaction catalysts chlorination of benzene is carried out. This yields a number of products involving dichlorobenzene isomers as the end product.
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