Understanding the Global Cumene Price Trend
Introduction Cumene is an important chemical that is widely used in industries to produce phenol and acetone, which are essential raw materials for many everyday products. From plastics and paints to adhesives and pharmaceuticals, cumene plays a silent yet crucial role in modern life. Because of its importance in the supply chain, any movement in its price draws attention from manufacturers, traders, and even end-users. The Cumene Price Trend has been shaped over the years by different economic, industrial, and environmental factors. Understanding these changes helps businesses plan better and gives us an idea of how the global chemical market functions. Historical Overview of Cumene Prices If we look back at the journey of cumene prices, we can see that they have never remained the same for long. Just like other petrochemical products, its price often follows the changes in crude oil and benzene prices, which are its primary raw materials. When crude oil becomes expensive, the cost o...