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 Q4 2019
Feedstock benzene supply was mostly balanced in Q4 2019, with reduced year-end demand being matched by brief supply hiccups. General production was running more smoothly though than it had been in the third quarter.
Styrene prices softened to a low last seen in January 2015, amid falling end-year demand and high inventories, despite delayed restarts and an unplanned outage. Margins against benzene became incredibly squeezed. Imports into Europe were amounting to around 40,000-60,000 tonnes per month.
Feedstock benzene demand was seasonally slower, on year-end destocking measures to reduce working capital. There were pockets of increased activity ahead of the January contract price settlement on 23 December, which was buoyed by firmer oil values.
Styrene demand weakened, on macroeconomic fragility and seasonality. Uncertainty blighted consumer confidence, while excessive length despite production blips, and the subsequent plunge in prices to 2015-lows highlighted the volume of imports coming in and extent of the weak demand.
Supply of ethylbenzene (EB) was steady in the fourth quarter as production of benzene remained level, with refineries operating at healthy rates.
Demand for EB in the fourth quarter decreased as styrene demand from derivatives weakened. EB is primarily used for the production of styrene.
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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