ICIS offers a wide range of short-to-long term information solutions for the fast-moving benzene industry.
Updated to Q4 2018
Supply in Asia remained ample in the fourth quarter. Inventories along the eastern China shore tanks grew from the low 130,000s tonne in the first half of November to nearly 170,000 tonnes in year end. Despite some plant maintenance in NE Asia, supply in the region stayed ample with sellers seeking outlets in Asia. The closed spot arbitrage window to the US meant that most cargoes continued to circulate in the region. Buyers were mostly unhurried on spot purchases as stocks were perceived as ample.
Demand for benzene declined in the fourth quarter with maintenance shutdowns in downstream styrene and other derivatives. The spot east-west arbitrage window remained mostly closed with US demand for Asia parcels staying lacklustre. Buying momentum also slowed towards the year end with the holiday lull dampening trade. Market players were busy with term contract negotiations for 2019 volumes with spot trade tapering off. End users across Asia were mostly well stocked with small appetite for spot cargoes.
We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Benzene marketplace.
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Benzene is used primarily as a raw material in the synthesis of styrene (polystyrene plastics and synthetic rubber).
ICIS publishes daily and weekly price assessments, market news and analyses for the Asian benzene market, all in a single report subscription. Whether you are a buyer, trader or seller, our pricing information gives you access to time-sensitive deals, offers/bids and price movements. Historical pricing data is also available.
Our report coverage includes all of the following:
The report also covers commentary on the market factors influencing prices, including plant production/shutdown schedules, review of coal and crude-based benzene in the domestic markets as well as an analysis of downstream styrene monomer and upstream crude oil and naphtha markets.
ICIS’s online database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up to 2030 for benzene around the globe. The service combines supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or local perspective.
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.
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