Benzene Prices, markets & analysis
ICIS offers a wide range of short-to-long term information solutions for the fast-moving benzene industry.
Use ICIS information to:
- Follow price fluctuations and drivers
- Monitor supply/demand dynamics
- Input into your own internal analytical models
- Negotiate contracts using a direct price reference
Benzene Asia Transcript
We provide real time and daily coverage of the volatile and dynamic benzene market in Asia, where it is not unusual to have more than 10 deals reported within a day’s trading.
ICIS provides real-time alerts on the bench-mark free on board (FOB) Korea price. Noon and evening updates provide up to date of key information.
In addition, we offer a daily report giving an assessment of the full day’s trading levels along with a brief analytical summary.
At ICIS we provide detailed analysis of the market trends, especially in our weekly report. Current and planned shutdowns and outages in the region are tracked and a close eye is kept on other important drivers such as the trend in crude-oil and naphtha markets. And we also look at the downstream styrene monomer market.
Asia as an exporter of benzene is also strongly influenced by conditions in the US and European markets.
The coverage by the established global team at ICIS is invaluable for our customers as it provides timely and accurate information to help them make business decisions.
Benzene news and market information products from ICIS
We offer the following regional Benzene coverage to keep you informed of factors and developments affecting prices in the Asia Benzene marketplace.
Price Reporting – More information about the price reports we publish on Benzene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
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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.
Spot FOB (free on board) Korea benzene prices in April were around $1,250/tonne to the low $1,300s/tonne, tracking closely the US price movement. This was because most of the Asian exports were still being shipped to the US, given the wide price gap of close to $200/tonne for the Asia-US arbitrage window. South Korea in May exported a historical high of around 98,000 tonnes to the US. Thailand and Taiwan, which do not export regularly to the US, exported about 10,000 tonnes each in both April and May.
With FOB Korea prices averaging at around $1,250/tonne throughout much of May, the Chinese import window reopened, resulting in a flurry of transactions by local end-users as Sinopec raised its list prices. Consequently, import prices were firm since mid-May before escalating from the second week of June on the back of hefty gains in crude futures and US benzene numbers.
Moreover, supply in South Korea and Japan tightened because aromatics output was reduced due to either a shortage of feedstock pygas or previous poor margins for co-product paraxylene (PX). By then, the Chinese import window had closed. Prices in Asia then tracked those in the US once again to hit more than a 16-month high at above $1,420/tonne FOB Korea in end-June.
Updated to Q2 2014
Asia benzene price reports
ICIS publishes daily and weekly reports for the Asian benzene market, covering the latest prices, market news and analyses. Whether you are a buyer, trader or seller, our pricing information gives you access to time-sensitive deals, offers/bids and price movements. Historical pricing data is also available.
Our price report coverage includes the following:
- FOB (free on board) prices for southeast Asia and for South Korea, where it is not unusual to have 10 deals reported in a day’s trading
- CFR (cost & freight) southeast and northeast Asia prices
- CFR China Main Port price assessments to reflect the emerging China import market
- CFR Asia monthly contract prices
A commentary on the factors influencing prices is included in the report, including plant production/shutdown schedules as well as an analysis of downstream styrene monomer and upstream crude oil and naphtha markets.
Real-time information on Asian benzene prices, deals and market news
ICIS offers a live data feed within the ICIS dashboard where our editors post updates of all the latest trades and market activity as soon as they get the information.. This gives you real-time access to the latest bids, offers, deals and news. Market news are available in both English and Chinese.
Global aromatics annual study
For an accurate view across the market, and to support your decisions on future investment or expansion, ICIS Consulting publishes an aromatics global annual study, detailing how supply and demand is forecast to develop from now until 2025. The study includes reconciled data and expert analysis on trade flows, plant capacities and supply and demand data for benzene, toluene, xylene and their respective derivatives.
Global aromatics supply and demand database
This online database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for all key aromatics commodities around the globe. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country specific perspective.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Benzene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
Asia 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.