Benzene Prices, markets & analysis
ICIS price reporting for regional Benzene markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
Our editor gives their expert view
Benzene China Transcript
ICIS has a range of reports covering the Chinese benzene market, including the weekly BTX report, ICIS Benzene China Monthly and an annual report.
The ICIS China benzene report includes FOB Korea, and East China spot market assessments.
Published monthly it provides and opportunity for in-depth analysis of prices and the factors driving them.
Information on important downstream markets such as styrene monomer (SM), aniline, phenol and caprolactam is included alongside upstream crude and naphtha numbers.
The report analyses in detail the benzene supply/demand balance summaries and outlooks for Chinese production import and export activity as well as benzene demand by derivative.
Subscribers find that our China benzene coverage is invaluable when making important business decisions such as when to buy or sell.
The combination of local expertise and international context is also appreciated with the report widely used as a reference for spot benzene contracts.
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 China Benzene marketplace.
Price Reporting – More information about the price reports we publish on Benzene
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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.
Domestic benzene prices were overall on a downtrend in January. Cargo-holders were active in making offers after the New Year’s Day and slightly lowered their prices. The narrowed buy-sell gap led to more discussions. A decrease in import prices then led buyers to adopt a wait-and-see attitude, although they were still much higher than the domestic prices and sellers had kept their domestic offers stable. Prices subsequently fell as some traders lowered their offers to de-stock ahead of the Lunar New Year holiday. The prices were further weighed on by weak margins at the downstream industries, which led Sinopec to cut its benzene list prices. Few deals were done as market players began to exit the market for the holiday. The east China benzene market closed at yuan (CNY) 9,350-9,450/tonne ex-tank Zhangjiagang at the end of January.
The price downtrend continued into February. Demand failed to pick up after the holiday as downstream producers continued to be plagued by poor profit margins and market players adopted a wait-and-see attitude. The domestic benzene market was further weighed on by falling domestic petroleum benzene and hydro-cooking benzene prices despite bullish crude prices. Sinopec as a result cut its benzene list prices again.
Towards the end of March, domestic sellers raised their benzene offers because of decreased availability at ports and rapid price increase of hydro-coking benzene. Some optimistic buyers entered the market to purchase. However, the gap between selling and buying ideas led to limited deals. The east China benzene market closed at CNY8,100-8,150/tonne ex-tank Zhangjiagang.
Updated to Q1 2014
China Benzene Monthly
The expert China Benzene Monthly report provides readers with a synopsis of prices, analysis and forecasts for the China benzene market. The in-depth report contains information on production, imports and exports as well as a monthly market focus on key developments. It also supplies readers with demand analysis on downstream products including styrene and phenol.
The report is widely used as a reference for spot benzene contracts, which take into account Sinopec’s list prices in east and north China.
China Benzene Annual
The China Benzene Annual report provides readers with comprehensive analysis, combined with incisive market intelligence on the Chinese benzene market. It covers information on the import and export situation, reviews and forecasts on import volumes, along with prices trends and futures.
Key topics of this study include:
• A comprehensive market overview of the benzene sector
• Analysis on market trends, supply and demand
• Information on price drivers, including a forecast on domestic demand
• The latest review and forecasts on capacity
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 enable 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.
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.