The ICIS Cumene price report is published weekly in the US, providing pricing information supported by market analysis on production news, economic news, upstream and downstream market developments, all of which support information on the contract prices.
The coverage from our locally based reporters keeps you up to date with the key issues driving prices, ensuring you have the information you need to make confident commercial decisions.
Updated to Q4 2019
Supply of US cumene was lower in the fourth quarter due to the closure of the Philadelphia Energy Solutions refinery after a fire in mid-2019. The refinery had a cumene capacity of 612,000 tonnes/year. However, supply was not tight due to healthy production elsewhere and sluggish consumption from downstream segments.
Demand decreased during the fourth quarter as a low season, trade tensions and a global economic slowdown hurt demand from downstream sectors. Demand into derivative phenol was limited by sluggish sales in the automotive sector and an underperforming construction sector. An oversupply of derivative acetone also contributed to lower consumption of cumene.
We offer the following regional Cumene analysis and news coverage to keep you informed of factors and developments affecting prices in the Cumene marketplace.
News & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
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If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
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Cumene is the main feedstock for phenol/acetone production and demand is driven by market growth for the derivatives of phenol and acetone such as bis-phenol A, phenolic resins and caprolactam.
Cumene is a colourless liquid, with characteristic sharp, penetrating, gasoline-like odour. It is insoluble in water but soluble in ethyl alcohol, ether and benzene.
Cumene is the main feedstock for phenol/acetone production and nearly all is used in this way. Demand is driven by market growth for the derivatives of phenol such as bisphenol-A (BPA) and phenolic resins.
Other minor uses for cumene are as a thinner for paints, lacquers and enamels, as a constituent of some petroleum-based solvents and as a component of high octane aviation fuel.
Cumene is utilised in the manufacturing of polymerisation catalysts, catalyst for acrylic and polyester type resins, and as a raw material for peroxides and oxidation catalysts.