Benzene Prices, markets & analysis
With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Benzene market, whether you buy or sell Benzene or related products.
From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.
Our editor gives their expert view
Benzene overview Transcript
Benzene is one of the key petrochemical markets it feeds into a lot of different products. It goes into styrenics and the phenolic chain. It’s used to manufacture a lot of different plastics, resins and nylon. So, as you can imagine, there’s a wide range of factors that can influence benzene pricing.
And it’s very much a global market as well, so you have to keep an eye on what’s happening in Asia and in the US. Because it is so far upstream it is very closely linked to the wider economy and even currency fluctuations. You’ve also got to look at crude and energy values and volatility there.
In Europe supply is also a key issue so we have to watch turnarounds and shutdowns for maintenance very carefully just to see how that affects availability in Europe and ultimately pricing.
How we can help
Benzene news and market information products from ICIS
We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the Benzene marketplace.
Price Reporting – More information about the price reports we publish on Benzene
Independent price assessments and market coverage by region
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Price History – More information about the historical price data we publish on Benzene
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Benzene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Benzene: Market overview
Updated to Q2 2015
US Gulf benzene spot and contract prices are likely to rise in the second quarter on straightforward market fundamentals, including tight downstream derivative styrene supply, exacerbated by domestic demand and strong export interest, sources said, adding that benzene will also remain tight on insufficient imports due to the volatile arbitrage with Asia.
In Europe, some pyrolysis gasoline (pygas) and benzene length since early 2015 is beginning to clear out of the region because of exports to the US since March. With the phenol market in China likely to pull on Asian benzene in the second half of the year, this should help balance Europe and keep upward pressure on pricing, with crude oil pricing remaining a big question.
In Asia, the benzene outlook for the second quarter remains largely positive, with increased demand expected when styrene facilities in Korea and the US restart after scheduled maintenance. The demand could bolster US benzene prices, potentially opening up arbitrage opportunities to the US. On the supply front, China’s Ningbo Zhongjin is scheduled to start trial production in May at a rate of 480,000 tonnes/year.
News & analysis
Benzene 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 settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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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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ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
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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.
Market Studies & Analysis
ICIS publishes global annual studies, as well as dedicated reports on domestic China markets, which will help you navigate the complex petrochemical, oil and gas industries in the medium-to-long term. Our studies and reports provide expert analysis and forecast data on supply, demand, production and capacity for specific markets.
Supply & Demand Data
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.
Training & Conferences
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
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ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
General Benzene Methodology Consultation read more >
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.
Over 25 years of reporting on key chemicals markets, including Benzene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Benzene is a colourless, refractive liquid with a characteristic aromatic odour. Its vapour is toxic and highly flammable. In cold weather, benzene solidifies to a white crystalline mass. It is slightly soluble in water, miscible with ethyl alcohol, ether, acetone, carbon tetrachloride, carbon disulphide, and glacial acetic acid (GAA).
Benzene is the largest volume aromatic petrochemical used to produce a number of petrochemical intermediates.
Ethylbenzene (EB) is the largest chemical outlet for benzene and nearly all is consumed in the production of styrene.
The second largest outlet for benzene is cumene which is nearly all consumed in phenol production with acetone formed as a coproduct.
The third largest outlet for benzene is cyclohexane (CX) which finds its way primarily into the nylon chain via caprolactam and adipic acid.
The fourth main derivative of benzene is nitrobenzene, which can be used to make aniline.
Benzene is used to make a number of other chemical intermediates such as alkylbenzene used in detergents, maleic anhydride(unsaturated polyester resins) and chlorobenzenes (engineering polymers).
The main sources of benzene are from the steam cracking or catalytic reforming of liquid petroleum feedstocks, primarily naphtha, where the benzene is recovered from the aromatics stream. Other processes are hydrodealkylation (HDA) of toluene and toluene disproportionation (TDP).
ICIS Benzene Price Index
US Benzene Prices were assessed at $2.75 - 2.83 / gal FOB (free on board) in mid June 2015. Downstream US styrene outages have depressed benzene prices whilst at the same time fuel blending demand has raised Prices for Toluene to $2.95-3.08/gal. This change has almost eliminated the spread between the two aromatics in the US for the first half of 2015.