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
Independent price assessments and market coverage
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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.
Updated to Q1 2015
Domestic benzene prices were volatile in the first quarter in line with those for crude oil but rose slightly overall. The upbeat market sentiment was attributed to the gains in major downstream product styrene monomer (SM) prices, as well as uptrends in benzene markets overseas.
With the arbitrage window between the Asian and Chinese markets wide open early in the quarter, benzene imports raise dramatically across the quarter. As a result, overall domestic buying interest was weak amid ample imports and stable demand – and shore tank inventories continued to rise. Most cargo holders were not eager to sell and offers were relatively high.
Price increases in overseas markets closed the arbitrage later in the quarter and put heavy sales pressure on domestic cargo holders. Buying ideas moved slightly upwards as some downstream operators – mainly SM and methyl di-p-phenylene isocyanate (MDI) producers – were able to shift the incremental feedstock benzene costs onto their customers. Domestic benzene spot market prices were firmer quarter on quarter.
Sinopec adjusted benzene list prices 11 times in the three-month period (six times in January, twice in February and three times in March) from CNY4,900/tonne at the beginning of the quarter to CNY5,500/tone at its end. The unclear market trend led downstream producers to be cautious about purchase decisions and their bids rose and fell as market sentiment fluctuated. By the end of the quarter, prices in the east China benzene market closed at CNY5,450-5,550/tonne ex-tank Zhangjiagang, up by CNY350/tonne from the end of December.
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.