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%.
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.
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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: