Benzyl Chloride Prices, Monitor, Analysis & Demand
North America In Q4FY23, benzyl chloride prices in the USA market experienced a decline throughout the quarter due to weak support from feedstock toluene and subdued demand from downstream industries. The decrease was influenced by eased cost pressure from toluene and crude oil, with high inventories reported by the American Petroleum Institute in October contributing to a reduction in manufacturing costs. Demand remained moderate from downstream sectors like paints, coatings, and solvents, but faced challenges amid geopolitical tensions, high interest rates, and a strong US dollar affecting exports. Strength in the US dollar against the Euro reduced the exports to the European countries like Netherlands. Sluggish demand for feedstock toluene from industries like paint and coating, led to rising inventories and downward pressure on benzyl chloride prices. Additionally, the paint and coating industry experienced sluggish demand during the off-season winter period. As of Decem...
