Ethylbenzene Price Trend

For the First Quarter of 2022


Benzene prices in the APAC area rose steadily during the first quarter of 2022. The price of benzene increased due to a rise in upstream crude oil prices and increased demand from end-use industrial sectors. Benzene prices were also influenced by the recurrence of the COVID epidemic in China, which caused a delay in commerce owing to port congestion. Furthermore, due to strong demand, high operating rates of benzene facilities impacted the prices. Thus, in March 2022, FOB price in India were 1466 USD/MT. As a result, benzene, being one of the key raw materials, impacted ethylbenzene prices as well.


Prices for benzene in the European market were uneven. Price fell at the start of Q1 due to plentiful supply, increasing later in February. The surge in the price was fueled by strong demand from the regional market, which was disrupted by the Russia-Ukraine war. Furthermore, the rise in upstream crude oil prices influenced the market. Additionally, the continuation of the European energy crisis following the suspension of Russian gas led to a significant price increase. As a result, the FOB price of benzene in Germany in March 2022 was 1150 USD/MT.

North America

The benzene market initially showed minor gains, but by the quarter ending March 2022, it had reached a high. The foundation has become optimistic due to strong purchasing momentum. Furthermore, increased demand for downstream toluene, nitrobenzene, and mixed-xylene caused benzene prices to rise, impacting ethylbenzene prices as well. The worldwide market of the raw material was influenced by the upstream Crude price spike owing to geopolitical tensions. Furthermore, trade delays were caused by rising fuel prices and disruptions in shipments as a result of Russia's invasion of Ukraine, which impacted benzene and hence, ethylbenzene prices. The price of the chemical in the United States has since settled at 1235 USD/MT FOB Louisiana.

For the Fourth Quarter of 2021


Because of the volatility in upstream crude oil prices, the benzene market in APAC experienced a mixed fourth quarter of 2021. Furthermore, based on downstream manufacturer inquiries, the buying moment fluctuated. Due to the festive season, the market in India seemed to be bullish in November, resulting in price increases. However, the product's pricing dynamics shifted in December as the price of crude oil fell and trading activity slowed as the year came to a close. As a result, Ex Mumbai price rose and ended at 1076.93 USD/MT in November, before plummeting to 971.93 USD/MT in December, indicating a considerable reduction.


In the European market, the price of benzene rose in the fourth quarter of 2021, owing to stable feedstock naphtha prices as a result of upstream crude oil fundamentals. Furthermore, energy issues resulted in production cuts, which had an impact on benzene prices. Ongoing logistical challenges and strong demand from downstream styrene producers aided the raw material’s pricing trend in Europe. As a result, FOB Hamburg prices were assessed at 1111 USD/MT in December, up 156 USD/MT from October.

North America

The price of benzene increased somewhat from October to December in Q4 2021, indicating an overall rising trend. The pricing trend in the region was supported by volatility in upstream crude oil values and the demand expectation. Furthermore, a drop in pricing in South Korea in November was reflected in the United States market, which eased benzene costs because it imports 35-40% of the commodity from South Korea. However, price surged significantly in December, owing to a rise in crude oil costs as well as strong demand. In December, FOB Louisiana benzene price settled at 1064 USD/MT. Ethylbenzene prices followed a similar trend. 

For First, Second and Third Quarters of 2021


The Asian market for benzene derivatives remained strong in the first quarter of 2021. Plant shutdowns in Q3 and Chinese lunar holidays had a substantial impact on its supplies in China, and it took much too long to fully restore production. Overall production margins were hampered by rising Brent crude oil prices, which reached 60 USD/barrel in March. Meanwhile, significant demand from downstream ABS and LAB producers in India pushed up the price curve of the raw material. In March, the FOB Korea Benzene price was estimated to be approximately 800-830 USD/MT.

Benzene prices have been steadily rising in the Asian market since the third quarter of 2021. The Chinese market had contradictory feelings, with prices falling from July through August, but then rising in September for a variety of causes. Congestion on multiple Chinese ports, as well as the closure of Ningbo Port, were key reasons, as was the zero-tolerance coronavirus policy, which disrupted supply chains. In July, the monthly average price of benzene CFR Shanghai was 1188 USD/MT, down 16 USD/MT from August. The price in India rose sharply, owing to increased demand from various end-use industries and a rise in feedstock crude oil costs. In September, the price of benzene was 1139.50 USD/MT. Benzene and ethylbenzene prices in the region were also affected by rising freight costs caused by a severe scarcity of containers.


Benzene prices rose to a one-year high in January, owing to decreased supply and strong demand from downstream industries. In January, prices hit a new high of 835 USD/MT, the most since 2020. The bids were excessively expensive because of the freezing effects in the United States and later supply restrictions from Asia due to Lunar New Year holidays. However, when supply and logistics activity increased in March, prices began to revert to normal. Due to the volatility in feedstock crude oil prices during the third quarter, the market in Europe had conflicting feelings. Prices increased at the start of Q3, but then fell in September. It was bolstered by plentiful stock, higher production rates, and decreased exports due to a scarcity of shipping containers in the region. Despite strong demand from the foreign market and ample benzene supply, a lack of containers hampered export and resulted in stock piling in the local market.

North America

The North American market struggled to meet demand for important upstream chemicals across the area during the first quarter of 2021. Winters in the Gulf of Mexico, particularly in Texas, caused some facilities to shut down unexpectedly. Benzene prices rose across the area due to strong demand from downstream industries such as thermal insulators, styrene, and polyurethane foams, as well as restricted supply. As a result, ethylbenzene prices were also affected. In the meanwhile, weather conditions hampered exports and imports throughout January and February, however the situation improved dramatically in March. Market forecast in North America showed a little dip in the third quarter. FOB Louisiana prices were estimated at 1215 USD/MT in July. At the start of the quarter, there was a significant increase in production activities in the United States, which resulted in benzene prices falling in the US market. Due to significant supply availability, the advent of Hurricane Ida in the Gulf Coast of the United States had little impact on its pricing. As a result, in August and September, FOB Louisiana prices settled at 1095 USD/MT.

For the Year 2020


Benzene stocks in the Asian market outperformed the previous quarter as many new Chinese refineries ramped up production while sellers lamented accumulating inventories. Its consumption was impacted by mixed sales due to unclear market dynamics as numerous economies continue to remove lockdowns.


The European market remained extended in the third quarter, with a tight Benzene-Naphtha spread, indicating vulnerable market circumstances. In addition to the strain of economic impact from COVID-19, downstream benzene demand remained seasonally low. Due to the oversupply scenario, the price graph last exhibited an increasing tendency in July and then steadily tapered down. Automobile plant closures and chronically deteriorating dynamics in the styrene sector have had a significant impact on regional demand. According to market participants, demand recovered significantly over the past quarter, but not sufficiently to bring Benzene back to pre-COVID levels.

North America

The North American industry had a mixed third quarter performance. Despite a recent boost in exports and greater benzene demand in the US, regional demand remained steady from the styrene segment. Due to weak demand from the downstream paraxylene segment, margins in the mixed xylene sector were squeezed. A brief supply constraint resulted from a wave of manufacturing shutdowns caused by Hurricane Laura. With the opening of trading windows between the US and Asian markets, price rose sharply, with upstream crude futures rising and outlook looking optimistic.

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Procurement Resource provides latest prices of Ethylbenzene. 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.

Chart Description:

Procurement Resource provides prices of Ethylbenzene for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Ethylbenzene

Ethylbenzene is a colourless, extremely flammable liquid with a gasoline-like stench. This monocyclic aromatic hydrocarbon is used as an intermediary in the manufacturing of styrene, which is the precursor of polystyrene, a common plastic material. In 2012, the manufacturing of styrene utilised more than 99 percent of the ethylbenzene produced.

Chemical Formula:

  • C8H10


  • Phenylethane
  • Ethylbenzol
  • Diethylbenzene

Molecular Weight:

  • 106.16g/mol

Industrial Uses:

  • Styrene Production
  • Gasoline
  • Natural Gas
  • Paint
  • Asphalt & Naphtha

Production Processes:

  • Ethylbenzene Production from Benzene and Ethylene

On a wide scale, ethylbenzene is made by mixing benzene and ethylene in an acid-catalyzed chemical process.

Supplier Database:

  • Dow chemical company
  • Exxon Mobil Corp
  • Jx Nippon Oil and Energy group
  • Royal Dutch Shell Plc
  • Tianjin Jixin Industrial & Trade Co., Ltd.
  • Zhejiang Weishi Biotechnology Co., Ltd.

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.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Procurement Resource also provides the detailed production cost analysis of Ethylbenzene See more


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