Phenyl Ethyl Alcohol Price Trend and Forecast

Phenyl Ethyl Alcohol Regional Price Overview

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

Phenyl Ethyl Alcohol Price Trend for Q1 of 2025

In the Chinese region, the Phenyl Ethyl Alcohol price curve during Q1 of 2025 closely followed the fluctuations of benzene, its primary feedstock. At the beginning of the quarter, cost support from feedstocks was still firm, keeping prices relatively stable. However, as the quarter progressed, this support gradually weakened, leading to higher production expenses for Phenyl Ethyl Alcohol and exerting upward pressure on prices. Tight supply and elevated crude oil costs further contributed to market strain, prompting many buyers to secure purchases in advance to hedge against potential increases.
 

Phenyl Ethyl Alcohol Price Chart

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By mid-quarter, Phenyl Ethyl Alcohol prices peaked. However, as demand eased and supply conditions improved, the market began to stabilize. Buyers postponed new purchases, opting to utilize existing inventories instead. By the end of the quarter, Phenyl Ethyl Alcohol prices continued to decline, reflecting the drop in benzene prices. Lower crude oil prices and an improved benzene supply reduced production costs, leading suppliers to adjust prices downward to stay competitive.

Overall, the quarter saw a period of rangebound fluctuations in phenyl ethyl alcohol market.

Analyst Insight

According to Procurement Resource, Phenyl Ethyl Alcohol is likely to experience fluctuations with a downward bias in the near future, mainly driven by feedstock prices in the upstream market.
 

Phenyl Ethyl Alcohol Price Trend for the Second Half of 2024

The price movement of Phenyl Ethyl Alcohol during the latter half of 2024 mirrored the declining trend in the upstream benzene market, its primary feedstock. Prices started high but fell gradually as benzene costs decreased. Supply chain shifts and cautious purchasing contributed to volatility, creating a wait-and-see market sentiment. Based on the Phenyl Ethyl Alcohol price database, prices declined consistently at the start of the period due to weaker feedstock prices, an oversupply of benzene, and falling crude oil prices. Buyers delayed purchases, waiting for market stabilization, further accelerating the price downturn.

The Phenyl Ethyl Alcohol price graph showed some stability in the middle of the period as supply and demand temporarily balanced. A marginal recovery in benzene prices slowed the rate of decline, but market sentiment remained cautious, with buyers avoiding bulk purchases. Towards the end of the period, Phenyl Ethyl Alcohol prices showed a slight upward movement; however, weak demand continued to limit any significant price increase.

Analyst Insight

According to Procurement Resource, the Phenyl Ethyl Alcohol price curve is likely to witness fluctuations in the upcoming quarter, primarily influenced by the prices of feedstock in the upstream market.
 

Phenyl Ethyl Alcohol Price Trend for the First Half of 2024

During the first half of 2024, the price trend of phenyl ethyl alcohol in Asia was shaped by the fluctuations in its key feedstocks. In China, the gradual rise in benzene prices, driven by strong domestic demand, tightening inventories, and geopolitical tensions, created upward pressure on phenyl ethyl alcohol costs. Benzene prices surged in the first quarter due to the impact of crude oil supply constraints and the revitalization of industrial activities post-Lunar New Year, with further increases in the second quarter as OPEC+ cuts and higher crude oil prices tightened supply.

This directly influenced the cost structure of phenyl ethyl alcohol, which depends on benzene for its production. Simultaneously, ethylene oxide prices in Asia faced fluctuations, with a slight increase in the first quarter due to supply tightness from maintenance shutdowns and geopolitical disruptions. However, in the second quarter, ethylene oxide prices trended downward as supply improved and demand for its derivatives, such as polycarboxylates, weakened. Despite some gains in the prices of downstream products, overall demand for ethylene oxide remained sluggish, further adding complexity to the phenyl ethyl alcohol market.

In Europe, the market for phenyl ethyl alcohol also faced mixed trends. Benzene prices showed volatility due to disruptions in the trading sector, production shutdowns, and shifts in crude oil prices. Ethylene oxide in Europe mirrored its Asian counterpart, with high production costs, weak downstream demand, and an excess of supply putting downward pressure on prices.

Overall, the phenyl ethyl alcohol market in H1 2024 reflected the combined influence of rising benzene costs and declining ethylene oxide prices, with regional variations influencing supply-demand dynamics across Asia, Europe, and North America.

Analyst Insight

According to procurement resources, the price of Phenyl Ethyl Alcohol is thus expected to bear the consequences of abrupt changes in the market trajectory of feedstock benzene in the upcoming months.
 

Phenyl Ethyl Alcohol Price Trend for the Second Half of 2023

Phenyl ethyl alcohol price trends were observed to be highly fluctuating for the entire period of H2’23. The market started on a higher note at the beginning of the third quarter following the spike in crude oil prices; after OPEC+ actions, the feedstock benzene and ethylene oxide prices also picked up.

This pushed the upstream costs for phenyl ethyl alcohol up in the early months. However, during the fourth quarter the market dynamics were slightly reversed. With global trade on a decline and crude oil prices plummeting again, the phenyl ethyl alcohol price trend also took a backtrack. Industrial demands dipped for phenyl ethyl alcohol, and the price graph started tilting downwards, imparting variations in the overall trajectory.

Analyst Insight

According to Procurement Resource, the Phenyl Ethyl Alcohol price trends are expected to continue to waver in the coming months; the market will continue to be demand-dependent.
 

Phenyl Ethyl Alcohol Price Trend for the First Half of 2023

The price trend for Phenyl Ethyl Alcohol closely mimic that of its feedstocks, namely Benzene and Ethylene Oxide. Downstream demands from the perfume and flavor industries also played an important role in determining the market behavior. As the Chinese market was trying to revive itself after the COVID–19 lockdown, consumer behavior was still very necessity-centric since the economic activities were shut off for such a long time. At the same time, rising inflation in European markets skyrocketed the costs of living.

Overall, the market sentiments around Phenyl Ethyl Alcohol were observed to be really dull. Though there was some strength in the market at the beginning of the first quarter since the upstream costs were high, but sullen downstream demands kept the price trend south-facing. High benzene prices did provide some cost support; hence, the overall market sentiments remained bearish throughout.

Analyst insight

According to Procurement Resource, the Phenyl Ethyl Alcohol prices are expected to continue similar struggling market behaviors as the inventories are high and demands are steady.

Procurement Resource provides latest prices of Phenyl Ethyl Alcohol. 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.