Weak gasoline creates benzene opportunity

Uncategorized

SHARE THIS STORY

Benzene markets have become increasingly volatile over the past few years. This is because there are now no major sources available of on-purpose supply, to balance demand.

My speech at our Aromatics Conference in Berlin last week highlighted the changes that had taken place. Over the past 2 years, benzene spreads versus naphtha had fluctuated between minus $100/t and plus $400/t. Whereas historically, spreads had remained in an $80 – $200/t range, as on-purpose hydrodealkylation units (HDA) had supplied up to 20% of demand, and been able to balance the market.

The YouTube interview with ICIS’s Elaine Burridge highlights the key points, and the problems being caused for styrene markets by current tight supply conditions. It argues that the changes underway in gasoline markets offer consumers the chance to achieve a new balance, based on potentially distressed feedstock availability.

PREVIOUS POST

Aromatics face challenges ahead

27/11/2010

Benzene markets have become increasingly volatile over the past few years. This ...

Learn more
NEXT POST

Duty barriers continue to rise on chemical exports

30/11/2010

Benzene markets have become increasingly volatile over the past few years. This ...

Learn more
More posts
The BoE’s pre-emptive strike is not without risk
12/02/2019

The Financial Times has kindly printed my letter below, arguing that it seems the default answer to ...

Read
IKEA heads into the circular world with furniture subscription trial
10/02/2019

“Once upon a time, Granny and Grandad used to go to a large shop on the motorway to buy their ...

Read
Fed’s magic money tree hopes to overcome smartphone sales downturn and global recession risk
03/02/2019

Last November, I wrote one of my “most-read posts”, titled Global smartphone recession ...

Read
Flexible working is key to reversing today’s collapse in fertility rates
27/01/2019

Women in most parts of the world are not having enough children to replace our population. This is o...

Read
No Deal Brexit remains UK law unless MPs reverse their previous votes
20/01/2019

“That couldn’t happen” are probably the 3 most dangerous words in the English lang...

Read
CEOs need new business models amid downturn
14/01/2019

Many indicators are now pointing towards a global downturn in the economy, along with paradigm shif...

Read
Stock markets risk Wile E. Coyote fall despite Powell’s rush to support the S&P 500
06/01/2019

How can companies and investors avoid losing money as the global economy goes into a China-led reces...

Read
Chart of the Year – China’s shadow banking collapse means deflation may be round the corner
16/12/2018

Last year it was Bitcoin, in 2016 it was the near-doubling in US 10-year interest rates, and in 2015...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more