The ICIS Ethylbenzene reports are covered weekly in Europe and the US. Both regions focus on the spot price assessments on an FOB NWE and FOB USG basis.
The locally based reporters publish news and market analysis on upstream price movements, demand, supply, production updates and graphs. There are also feedstock contract price quotes within both reports. Our independent information gives you the necessary insight to make informed and confident commercial decisions.
Updated to Q3 2020
Supply for June and July delivery cargoes fell short of demand amid output constraints. Major producers in Japan and China cut or halt supply to customers as their plants were undergoing maintenance. The supply crunch was exacerbated by a prolonged outage at South Korean producer Lotte Chemical’s Daesan plant, which shut in early March following a fire accident, and production problems at ENEOS Corp’s unit.
China’s import demand improved in line with a resumption in downstream activity after the coronavirus outbreak in the country was bought under control. Restocking was also boosted by the restart of downstream plants in April and May on the back of improved margins and following the completion of scheduled maintenance. However, downstream margins came under renewed pressure in June, prompting some buyers in China and Taiwan to cut output.
Updated to Q4 2020
Availability in Q3 was long given the immense drop-off in demand as a result of the pandemic. Run rates at most facilities were reduced to adjust to the lower demand, but there was still a supply overhang. Output rates increased again towards the end of the quarter.
Demand decreased along with its associated products as global consumption took a hit early on in Q3 because of the pandemic and the lockdowns that came with it. Demand increased slightly as the quarter ran on, but has yet to return to pre-pandemic levels.
Supplies stayed balanced in Q3 as upstream benzene stocks lengthened while ethylene volumes tightened amid supply disruptions from the late-August and early September storms in the US Gulf Coast region.
Demand was stable in Q3 as downstream styrene and PS demand continued to buoy upstream activity. Demand for packaging material amid reduced lockdown restrictions in the US have reinforced EB demand despite the overall economic slowdown.
We offer the following regional Ethylbenzene analysis and news coverage to keep you informed of factors and developments affecting prices in the Ethylbenzene marketplace.
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Around 99% of ethyl benzene (EB) produced in Europe is used in the production of styrene monomer, which is then used in many homopolymer, copolymer and terpolymer applications.
Ethylbenzene (EB) is a colourless liquid, with a pungent aromatic odour. It is practically insoluble in water but soluble in ethyl alcohol, ether and benzene.
Nearly all EB output is used in the production of styrene monomer, which is then used in many homopolymer, copolymer and terpolymer applications. These applications cover a wide scope of industrial, consumer and medical products.
Ethylbenzene is also used in the production of synthetic rubber, as a component of automotive and aviation fuels and in the manufacture of cellulose acetate. It is utilised as a solvent or diluent for alkyd surface coatings, and as a chemical intermediate for diethylbenzene and acetophenone, ethyl anthraquinone, EB sulphonic acids, and alpha-methylbenzyl alcohol.
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