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.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
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.
In the middle of August, prices continued to rise on the back of higher Asian prices and increased trading volumes as market players were optimistic about the price outlook. Sinopec raised its benzene prices three times in August. This, together with robust crude oil prices, pushed up domestic petroleum benzene offers. However, downstream buyers were unwilling to purchase in view of the weak styrene monomers (SM) market. Discussions were deadlocked towards the end of August as a result. The east China benzene market closed at yuan (CNY) 9,300/tonne ex-tank Zhangjiagang at the end of August, up by CNY350/tonne at the low end and CNY250/tonne at the high end.
Domestic benzene prices largely extended the uptrend to early September, with cargo holders raising their offers following Sinopec’s price hike at the beginning of the month. Buying interest was strong as downstream buyers made pre-holiday purchases. Prices were further supported by firm import prices and a sharp fall in port inventories. Trading sentiment, however, weakened by the end of September as the downstream buyers completed their pre-holiday purchases. Furthermore, the benzene price decline in Asia affected the domestic negotiations. As a result, prices fell by CNY200/tonne to CNY9,500/tonne ex-tank Zhangjiagang compared with early month.
In October, the domestic benzene market was subdued, with only a few offers made as market players just returned from the National Day holiday and import prices dropped over the holiday break and into mid-October. Domestic benzene prices fell sharply as a result, which saw Sinopec cutting its list prices.
The domestic benzene market was stable in early November. Despite softened Asian market, sellers kept their offers firm on the back of low inventories in east China. Selling indications were at yuan (CNY) 9,100/tonne ex-tank Zhangjiagang. Few buying ideas were heard as the market was lacking a clear direction during two industry conferences held in Ningbo and Nanjing respectively. In early November, The east China benzene market closed at CNY8,950-9,050/tonne ex-tank Zhangjiagang, flat with the prices in end-October.
Updated to mid-November 2013
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.