Benzyl Alcohol price May 2023 and forecast (see chart below)
- USA:US$2.59/KG, -1.9% down
- Europe:US$2.39/KG, -1.2% down
- China:US$1.74/KG, -0.6% down
- India:US$1.89/KG, -0.5% down
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Benzyl Alcohol price index
This post is a summary of the global Benzyl alcohol price developments. The price developments of Benzyl alcohol are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Benzyl alcohol price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for global Benzyl alcohol prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Benzyl alcohol prices
- Recent price developments of underlying feedstocks which drive the price of Benzyl alcohol
- Market futures for both cost drives and feedstocks of global Benzyl alcohol prices
- Adjustment of current supply/demand imbalances in the Benzyl alcohol market
- Longer term trends in likely demand conditions
Further information on the Benzyl Alcohol price index
Here is some further detail
What is Benzyl alcohol
Benzyl alcohol is a clear, colorless liquid with a sweet, pleasant smell. It is a natural constituent of a number of essential oils, including jasmine, hyacinth, and ylang-ylang. It is also found in fruits, such as apricots, cranberries, and plums. Benzyl alcohol has the chemical formula C6H5CH2OH.
How is Benzyl alcohol produced
Benzyl alcohol can be synthesized by several methods. One common method involves the hydrolysis of benzyl chloride, which is produced from benzene and hydrochloric acid. Benzyl alcohol can also be produced by the hydrogenation of benzaldehyde, or by the fermentation of carbohydrates.
What is Benzyl alcohol used for
Benzyl alcohol has a number of uses. It is used as a solvent for a variety of chemicals, including resins, dyes, and inks. It is also used as a preservative in a number of products, including personal care products, pharmaceuticals, and foods. Benzyl alcohol is a mild local anesthetic and is used in some medical procedures to reduce pain. It is also used as a flavor and fragrance ingredient in a variety of products.
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
According to https://oec.world/ :
Benzyl alcohol are the world’s 3674th most traded product.
In 2020, the top exporters of Benzyl alcohol were China ($44.7M), Germany ($39.7M), Netherlands ($32M), India ($30.9M), and United States ($9.73M).
In 2020, the top importers of Benzyl alcohol were United States ($28.4M), Mexico ($11M), Japan ($10.9M), United Kingdom ($8.95M), and Italy ($8.89M).
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Notes on the price-data
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We will improve our price trend algorithm before December 31, 2023.
- There will be continuous fine-tuning of the trend and forecast algorithm until end of December 2023.
- As part of that process, we will add many additional indexes in the final quarter of 2023
- This the index trend of the price of the product group in general and not a single specification in particular
- The source of the data are exclusively public non-confidential sources
- We combine public publications, import/export records, company announcements, and sources of ad-hoc public information.
- The chart shows the price trend, nearly always taken from many statistically-correlated sources
- The data is presented in US$. The UOM of measure is shown in the Index list table
- We do our best to create an accurate representation of the trend
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
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