From pricing information to the analysis you need to understand it, ICIS coverage of regional Benzene markets is second to none.
Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
Updated to Q1 2020
Europe benzene January spot is priced at a premium, after news of the US-Iran airstrike and its bullish impact on crude oil prices. With relatively low prices and spreads over feedstocks, suppliers’ incentive to produce is limited, which along with restrained feedstock availability, should keep supply balanced. There are limited known cracker shutdowns, but weak paraxylene (PX) economics could help keep the markets balanced. The US-China trade dispute and generally weak performance downstream will weigh on market sentiment.
There may be some seasonal restocking in early 2020. European derivative units should be running relatively well in the first quarter, with no known significant planned shutdowns. New derivative capacity expected on line in China in 2020, as well as the restart of significant benzene consumers following shutdowns could see global markets tighter during the first quarter and into the second quarter. The US-Iran tensions will likely keep crude prices volatile, and that uncertainty might weaken demand.
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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