ICIS has a network of locally based reporters providing coverage of regional Benzene markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
Use ICIS information to:
- Develop internal analytical models
- Inform settlements and contracts
- Optimise deals and negotiations
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 US Benzene marketplace.
Price Reporting – More information about the price reports we publish on Benzene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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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 Q4 2017
US prompt benzene supply tightened during the fourth quarter as refinery operating rates experienced an unexpected drop in October while remaining below pre-Harvey levels. In addition, delayed shipments from Europe along with technical difficulties experienced at some refiners' aromatics extraction units kept prompt supply tight during much of November and early December. Expectations that supply tightness would ease proved premature as it lingered beyond market participants' anticipations.
US benzene demand was fairly constant in the fourth quarter. Operating rates at downstream phenol units remained healthy throughout much of the quarter while demand for methyl di-p-phenylene isocyanate (MDI) was heard to be stronger than expected for the season. With a number of planned styrene turnarounds due in the first quarter of 2018, some US styrene buyers may have elected to purchase additional quantities prior to an anticipated drop in operating rates.
Benzene is a major chemical feedstock used to produce a number of other petrochemicals such as ethyl benzene (EB), styrene and solvents such as cumene, phenol and acetone.
The main sources of benzene are from the steam cracking or catalytic reforming of liquid petroleum feedstocks, primarily naphtha with benzene recovered from the aromatic stream.
Although benzene is mainly sourced from naphtha, crude and gasoline futures on NYMEX futures are also shown to be a key driver in the market at times.
Another factor that can influence the market is weather, especially in the summer. Much of the North American benzene production is concentrated in the US Gulf (USG), which is always vulnerable to hurricanes.
The ICIS US Gulf benzene report is used by some majors as a benchmark in the aromatics and petrochemicals sector. This is important because many companies trust ICIS and how we assess the market.
We publish a single contract number and we publish spot prices. That can affect the entire outlook for a month or quarter, or an entire year. The US Gulf report includes contract and weekly spot prices on a free-on-board (FOB) 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.
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.