ICIS report forecasts sharp decline in Benzene contract price

23 October 2014

NEW YORK and LONDON, October 23, 2014 -- ICIS has released a new monthlyEuropean Benzene price forecast report, analyzing the demand, supply and price trends in European import and export markets, providing crucial price insights. 

The European benzene market continues to see sharp fluctuations in pricing, not all of which are related to fluctuating energy costs, but rather benzene supply and demand. Price volatility is ever-present and inventory control is a must.

Report author Rob Peacock of ICIS Consulting said: “This new report will be of interest to a variety of companies, but especially those that are part of the various downstream benzene derivatives chains including the polystyrene, polyamide, polyurethane and polycarbonate markets.

This report will help the reader to see where benzene prices are heading and gain insight into feedstock prices. It will offer further independent insight into the rapidly moving benzene market and what trends are affecting the short and long term supply and demand for benzene and what is driving price movements.”

For media inquiries, contact:
Tom Hewett
Senior Marketing Executive
T: +44 207 911 1422

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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