ICIS has a network of locally based reporters providing coverage of regional Benzene markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
Updated to Q2 2021
Benzene supplies may lengthen in Q2 as key refining facilities return to standard operations in light of post-winter storm maintenance efforts; however, trending supply tightness will continue to apply pressure in the near term. While refinery rates are expected to remain below pre-pandemic levels for much of the quarter, volumes could rebound from multi-year lows recorded in February.
Benzene demand looks to increase as more downstream production facilities come back online in the aftermath of the winter storm while steadily rising coronavirus vaccine progress could bolster buying activity further as downstream discretionary consumption increases.
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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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.
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Benzene is used primarily as a raw material in the synthesis of styrene (polystyrene plastics and synthetic rubber).
Benzene is a major chemical feedstock used to produce a number of other petrochemicals such as ethyl benzene (EB), styrene and solvents such as cumene, phenol and acetone.
The main sources of benzene are from the steam cracking or catalytic reforming of liquid petroleum feedstocks, primarily naphtha with benzene recovered from the aromatic stream.
Although benzene is mainly sourced from naphtha, crude and gasoline futures on NYMEX futures are also shown to be a key driver in the market at times.
Another factor that can influence the market is weather, especially in the summer. Much of the North American benzene production is concentrated in the US Gulf (USG), which is always vulnerable to hurricanes.
The ICIS US Gulf benzene report is used by some majors as a benchmark in the aromatics and petrochemicals sector. This is important because many companies trust ICIS and how we assess the market.
We publish a single contract number and we publish spot prices. That can affect the entire outlook for a month or quarter, or an entire year. The US Gulf report includes contract and weekly spot prices on a free-on-board (FOB) 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.
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LONDON (ICIS)--The ICIS Petrochemical Index (IPEX) went up slightly in May, rising by 3.6% month on month, tracking price increases seen across most of the major petrochemical and plastics...Read
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