From pricing information to the analysis you need to understand it, ICIS coverage of regional Benzene markets is second to none.
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Updated to Q2 2020
Lower cracker run rates and planned outages in the second quarter should take some of the length out of the European benzene market. Any shortage will likely by outweighed by reduced demand. Downstream units are running at lower rates, and scheduled turnarounds may either be delayed or extended to try to balance against demand. There are three planned phenol/acetone outages in Q2. Several thousand tonnes are headed for the US Gulf at the end of April/early May.
Demand for benzene in Europe in the second quarter will be much lower than usual for the time of year, with derivatives weakened by significantly reduced end-use consumption. Demand will be negatively impacted by closures of automotive factories, country lockdowns, disruption to supply chains, severely reduced demand from the key styrene sector and widespread unemployment and uncertainty. There will be pockets of decent demand from the packaging sector, and applications used in the health sector.
We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the China Benzene marketplace.
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Benzene is used primarily as a raw material in the synthesis of styrene (polystyrene plastics and synthetic rubber).
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.
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