From pricing information to the analysis you need to understand it, ICIS coverage of regional Benzene markets is second to none.
Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
Use ICIS information to:
- Follow price drivers and fluctuations
- Inform your internal market modelling
- Back up your negotiations
- Determine settlement and contract terms
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 Europe 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.
Updated to Q1 2017
The European benzene contract price recorded two consecutive significant increases in January and February with several downstream players expressing concern about the negative impact this could have on the chain as a whole.
European benzene spot numbers were on a steady upward momentum since the beginning of the quarter with January prices moving above $1,000/tonne for the first time since late 2014.
With fewer exports leaving Asia for the US since late 2016, this tightened US Gulf availability in January and pushed prices higher. European spot numbers have been following the upward trajectory seen in both the US and Asia.
However, the European market was preparing for a downward correction in February due to the various global styrene turnarounds in Q1 2017 that were expected to slow benzene consumption.
As expected, European spot prices started cooling down around mid-month and reaching levels last seen in mid-December 2016 during the first weeks of March.
According to market estimates, Q2 pricing will depend a lot on US demand; if the styrene monomer plants that were on shutdown during Q1 come back on line earlier than scheduled, then benzene demand and prices might rebound again soon.
The European benzene report is a weekly report that’s published every Friday and is a mixture of spot numbers, so we look at the current month as well as the forward month. We also report the monthly contract price.
It’s a key chemical market that goes into different applications. We speak to buyers, sellers, traders everyone that’s involved really, to get a complete picture of what’s happening in the market.
But it’s not just prices, we also try and gauge sentiment and what’s pulling the market one way or another at any given time. So it could be volatility with crude prices or even the wider economic factors that are happening at the time.
Also we have to look at the different regions, because it’s very much a global market, so we try and see if the material is being pulled in one region or its leaving another.
If you require a daily benzene price we also produce a daily Aromatics report for Europe which provides you with in-depth pricing information, news and analysis, including a view of benzene prices to keep you informed of the factors and developments affecting the European marketplace on a day-to-day basis.
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 enables 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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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.