ICIS offers a wide range of short-to-long term information solutions for the fast-moving benzene industry.
Updated to Q3 2018
Supply in the third quarter remained largely unchanged in Asia. However, imports into the key Chinese market declined as the US-China trade war escalated. Shore tank inventories fell from above 240,000 tonnes in June to around 160,000 tonnes in September as buyers shunned imports on the sharp depreciation of the yuan versus the dollar. By September, however, prices of local Chinese cargoes caught up with import prices, after trading at a discount in the first half of the year.
Demand in China was largely unchanged in the third quarter with downstream sectors like styrene, phenol and caprolactam mostly performing adequately. Spot appetite, however, was soft in Taiwan with end-users have sufficient term parcels to meet production requirements. Buyers in southeast Asia picked up some spot lots from time to time amid short term supply issues. Otherwise, demand in southeast Asia was little changed with sellers diverting most cargoes to China.
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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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.
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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