In this pre-recorded webinar ICIS Consultant, Stephanie Kirby will discuss the multiple factors that affect the benzene price and the benefits of forecast reporting.
It is no secret that the recent US crude oil market has made a large impact on the global economy. However, despite the fact that crude oil is the primary feedstock for a variety of aromatics products, it is not the only factor. There are multiple factors that affect the benzene price such as downstream demand, inventories, and trade activity.
Amid the uncertainty of the crude oil market in the US, the US is currently a net importer of benzene and a net exporter of styrene, the primary consumer of benzene. Because of this, there is a lot of uncertainty when it comes to forecasting the benzene price. With the Global Benzene Price Forecast report, ICIS offers a comprehensive view of what influences the benzene price in the US, Europe and Asia.
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