13 November 2012 11:02 [Source: ICIS news]
BERLIN (ICIS)--Global benzene supply will remain tight in 2013, one trader said on Tuesday, due to new derivative production in Asia and continued structural feedstock challenges.
Speaking on the sidelines of the 11th World Aromatics & Derivatives Conference in Berlin on Tuesday, the trader said that with derivative plants coming online next year in Asia, this will keep the region tighter and push up global pricing.
Asia is already a key exporter to the US, where prices reached record highs this year on tight supply. Many have already predicted that the US will remain tight moving into 2013.
Europe continues to face availability challenges on pyrolysis gasoline (Pygas), as crackers opt to utilise lighter feeds, yielding less feedstock for benzene.
“The first half [of 2013] will definitely remain tight,” said one major benzene consumer. “After that, it is unclear. A lot will depend on Asia and the US.”
The 11th World Aromatics & Derivatives Conference, organised by ICIS and International eChem, is taking place in Berlin on 13-14 November 2012.
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