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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.
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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 Q3 2016
Domestic petroleum benzene prices in China rose in July, rose again after a sharp drop in August and then fluctuated within a narrow range during September.
In July, import prices remained firm, lifting domestic market sentiment. This, together with tight spot supply in east China and improved buying interest, resulted in fewer lower-priced cargoes available in the market. In addition, traders chose to lift offers to cover incremental import costs because of a slide in the value of the yuan.
At the beginning of August, market sentiment was undermined by a bearish crude oil market and softer import prices. Downstream producers were reluctant to buy due to the pessimistic price outlook and modest inventory levels. A lack of bids weighed on domestic petroleum benzene offers at the low end. However, from mid August, overseas benzene prices rose on the back of a rally in crude oil prices. This, together with tighter supply in the spot market, improved sentiment. Most cargo holders kept offers stable and a few buyers lifted their bids.
As a result of the mid-autumn Festival from 15-17 September, downstream producers proved unwilling to make purchases. This, together with narrow fluctuations in crude oil and overseas benzene prices, forced domestic cargo holders into a wait-and-see stance. Their offers were largely unchanged. Limited discussions resulted in only a few done deals. During this period, most market players kept a close eye on crude oil prices, plant operations and the pricing ideas of major domestic producers.
Sinopec raised its benzene list price 3 times during July – by CNY150/tonne, CNY150/tonne and CNY100/tonne, respectively. However, on 2 August, it cut benzene list prices by CNY200/tonne, and by CNY100/tonne on 3 separate occassions during the month. At the end of Q3, the east China benzene market closed at CNY5,300-5,350/tonne (ex-tank Zhangjiagang), which was CNY500 higher at the low end and CNY550 higher at the high end when compared with June's figures.
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.
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