Asian Chemical Connections
Spot benzene prices in Asia will likely be supported by tight supply stemming from heavy turnaround schedule at regional aromatics facilities from March to May, industry sources said.
Lower aromatics production is also being yielded from increased use of liquefied petroleum gas (LPG) - an alternative to expensive naphtha - as feedstock for petrochemical production, further squeezing supply in the region, they said.
INSIGHT: Lower growth, higher costs make Europe situation worse
“Sector growth is flat, and our EU net chemicals trade surplus is beginning to narrow."
VIDEO: ICIS Special Report - C3 value chain, early autumn