China’s prominent role in the Asian benzene market

26 July 2016

China remains Asia’s largest benzene import market. With China’s apparent demand increasing, the country is now becoming more self-sufficient with a year-on-year increase from 90.56% to 91.95%.

Benzene Apparent Demand

In the second half of 2016, seven additional downstream capacities are expected to come on line. ICIS estimates domestic production to account for slightly more than 90% of China’s benzene supply in 2016. Consequently, China’s import prices will largely be led by domestic price developments and market drivers.

International market players now have to be more strategic about which downstream demand sub-segment to prioritise in order to achieve sales growth, stronger competitive edge and higher margins in Asia’s increasingly competitive benzene import market.

Equipped with data and insights on the domestic benzene downstream sub-segments, ICIS has updated the China Benzene Annual Report to provide an in-depth analysis of the country’s market developments, outlooks for each major demand segment and upcoming price drivers up until 2017. The report also includes a half-year update to reflect the latest demand forecast, helping you plan ahead of the industry developments that impact the Chinese benzene import market.

Enquire about the ICIS China Benzene Annual Study

About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

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ICIS China Benzene Annual Study

The ICIS China Benzene Annual Study provides a granular view and outlook of each major benzene demand sub-segment to help you to better plan your sales volumes and reap higher margins. This must-have resource will help you stay on top of market changes throughout the year and update your knowledge on all of the following questions:

  • What are the supply and demand forecast and specific drivers for the second half of the year?
  • What are the factors driving China’s import levels and prices?
  • How are domestic producers performing? What are their production outlooks and turnaround schedules?
  • What is the consumption outlook of downstream demand for each key segments?

Enquire about the ICIS China Benzene Annual Study