Benzoyl Chloride Prices: During the second quarter of 2023 | ChemAnalyst

Chemanalyst19 Sep, 2023Business

Throughout the second quarter, the prices in the North American region experienced a continuous decline, primarily due to weak demand from downstream industries such as agriculture, pharmaceuticals, dyes, paints, and resins. Market participants also reported rising inventories, compounding the downward pressure on prices. The drop in crude oil prices from early April to June contributed to reduced production costs of benzoyl chloride, further affecting market prices. Demand for the downstream product Benzoyl Peroxide also decreased, particularly in the polymer industry, leading to a significant price decrease and an unfavorable market outlook.