Higher benzene demand from Europe, the United States and Asia have resulted in Asian benzene market recovery It is formed as a by-product of the oil refining process and can also be found in crude oil, gasoline and cigarette smoke. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine. US Market Prices of Benzene As of 28th January 2020 Means of Delivery Prices in Cents/Gallon... Polymerupdate News - US Market Prices of Benzene As of 28th January 2020 … The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. In September, the naphtha to Brent price spread remained low at $24 per mt whereas the 2018 annual average was $74 per mt. After the recent surge in Q4 2020 buying activity created renewed optimism in downstream markets, benzene demand looks to ease in 2021. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans. Long supplies that mounted for much of the year due to the pandemic quickly tightened and pushed values to pre-pandemic levels. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers. The average global price of benzene amounted to some 828 U.S. dollars per metric ton in 2018. Global price of benzene 2017-2021 Published by M. Garside, Sep 10, 2020 The average global price of benzene amounted to some 828 U.S. dollars per metric ton in … US February benzene contract price settles 11 cents higher at 264 cents/gal: sources February 1, 2020 Houston — The February US benzene contract price on Friday settled at 264 cents/gal, Read more In cold weather, benzene solidifies to a white crystalline mass. The price fall was on the back of weaker upstream energy values coupled with dull regional demand trends. Feb 01, 2021 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Demand recovery continued to pick up pace in Q4, building on momentum from Q3. As a result, the price of benzene will likely reach historic lows during 2020 in the $200s/metric ton, similar to levels reached after the dotcom bubble in the early 2000s and the financial crisis of 2008–09, Feng said. The average benzene price globally is $1.09 per liter according to gasoline prices in mid-September 2019, and there are noticeable differences between countries, so prices in rich countries are high compared to poor countries.. benzene settlement decrease a, INSIGHT: January prices higher but NE Asia IPEX growth slows, PODCAST: Key highlights for Europe toluene and MX optimism in The key downstream styrene monomer (SM) market was particularly bullish as resin consumption was lifted by increased manufacturing activities in Q4. 6.12.5 The UK Benzene Price Analysis and Forecast to 2020 144 6.12.6 The UK Benzene Market Competitive Landscape 146 7 Middle East and Africa Benzene Market 147 Benzene is used primarily as a raw material in the synthesis of styrene (polystyrene plastics and synthetic rubber). The “Linear Alkyl Benzene (LAB) Market” report provides overview of competitive landscape analysis, major trends, and key regional development status. Benzene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) The market is segmented by Derivative (Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, and Other Derivatives) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa) Find out more about ICIS margin reports >>. Europe benzene spot prices were elevated in the Q4 2020 on tight supply, with few offers and little material available for prompt delivery. Demand has firmed since the sharp rise in styrene demand helped buoy benzene purchases for most of Q4. From the perspective of the whole industrial chain, the report will not only make a detailed market review but also forecast the industry change in the next 5 years so as to help the customers to judge the market accurately. Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. 2021-01-06 Market Analysis - Monthly Report - December, 2020 - Cyclohexanone Benzene prices in China increased due to a prolonged tightness in cargo availability in the domestic market. Benzene demand grew 1% in 2019, IHS Markit says. With the population of Europe and the Americas in lockdown, it will not be long until refineries in these regions have to cut run rates, Feng said. Increased confidence of deployed coronavirus vaccines should provide support to market sentiment at the beginning of the year, though increases in cases could also spur more lockdown measures. Greater use of food packaging increases downstream demand for polystyrene (PS) and expandable PS. The February US benzene contract price on Friday settled at 264 cents/gal, 11 cents higher than January’s contract price, multiple sources told S&P Global Platts. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts. The increase was in line with market expectations, as early indications from sources put a potential settlement at 265 cents/gal. Linear Alkyl Benzene (LAB) Market Outlook 2020 – Scope and Business Growth Overview by Regions, Latest Trends, and Opportunities Forecast to 2024. Benzene, IHS MARKIT US Index Fixed Price Future 31687030. Reference price of Benzene is 697.437USD/MT, up 0.06% from 697.048USD/MT on 2021-01-14. What is covered in the report about the “Thailand Benzene Industry” GlobalData’s report, “Benzene Industry Outlook in Thailand to 2020 – Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants”, provides up to date in-depth information on Thailand’s Benzene industry. Demand for benzene in Europe from key styrene for styrenics and the phenolics chain was healthy in Q4 2020, with some plants running at healthy rates and looking to work later in December than is usual for the season. U.S. benzene prices have slumped 22% since coronavirus disease 2019 (COVID-19) was declared a pandemic on March 11, reaching $1.70/gal on Tuesday for prompt delivery, a 50ct slide. In the international market, Benzene … Benzene market prices forecast up to 2029 6. Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans. ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. The 2020 Fact Book provides a comprehensive overview of our Businesses. Asia benzene price reports. The global economy was decelerating, sustainability pressures were continuing to grow, production capacity was starting up, and tighter fuel regulations were due to come into force in 2020. The forecast represents a huge price drop from the $600s/metric ton in 2019. and Strategy. Benzene is used in the production of pharmaceuticals; specialty chemicals; plastics; resins; dyes; pesticides and other organic compounds. Information covered in our price reports includes: Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences. An unexpected surge in healthy derivative styrene demand in Asia and domestically; a delay to imports, as well as a large volume of exports having left Europe in recent months led to the supply limitation. Discussions in the Asian Linear Alkyl Benzene (LAB) market were mostly thin for the quarter ending September 2020. FOB Korea benzene prices were at the USD 625-630/mt FOB Korea levels, a week on week fall of USD 10/mt. The primary chemicals produced from benzene are ethylbenzene, cumene, cyclohexane, and nitrobenzene. View All Garland Introduces Emerging Energy Organization to Investors The chairman and CEO talked about the company's 2021 outlook, and the new organization, at a Goldman Sachs conference. The third largest outlet for benzene is cyclohexane (CX) which finds its way primarily into the nylon chain via caprolactam and adipic acid. Benzene reports are published weekly by ICIS in Asia, Europe and the US, with contract and spot price assessments, market news and analysis. Its vapour is toxic and highly flammable. Benzene is a colorless, volatile, flammable liquid, insoluble in water, but soluble in most organic compounds. Market Overview. Published December 2020. East China benzene rose by 130yuan/mt to 4,380yuan/mt, and styrene increased by 180yuan/mt to 6,530yuan/mt by Jan 6. Benzene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) ... Commodity Chemicals Price Intelligence Center. Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining, LP and CVR Partners, LP. Benzene Benzene Prices C6H6 crude or BTX cut fraction (14-17 wt%, reformate and 44-48 wt%, pygas); nitration grade (no evidence of acidity, H2S or SO2); thiophene-free (min 99% purity); 99 mole%; and 99.94 mole%. Benzene Price - Select 2020 high quality Benzene Price products in best price from certified Chinese Toluic Acid manufacturers, China Diphenylamine suppliers, wholesalers and factory on Made-in-China.com, page 4 IHS Markit estimates that worldwide benzene demand will decline by about 2%, depending on the methodology used, in 2020 and rebound to grow about 3% in 2021. All three main sources of benzene—refineries, steam crackers, and para-xylene plants—are facing an unprecedented drop in demand for their main products because of COVID-19, according to Feng. SCI 2019-2020 China Benzene Market Annual Report will provide you comprehensive and deep industry analysis covering price, fundamentals, logistics, storage, etc. Market is estimated to grow at a CAGR of 4% during the forecast period. Benzene demand grew 1% in 2019, IHS Markit says. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Below is the information on the 2020 Yamaha Viking . Daily Prices. As a result, the price of benzene will likely reach historic lows during 2020 in the $200s/metric ton, similar to levels reached after the dotcom bubble in the early 2000s and the financial crisis of 2008 – 09, Feng said. Play Learn More Feature Stories. Benzene is being squeezed by COVID-19 on the supply side and demand side, said Feng. Some EBSM (ethylbenzene/styrene monomer) units ran harder than earlier in the year. Click Here To Know More . Find out more about ICIS chemicals forecast reports >>, Find out more about ICIS fertilizers forecast reports >>. Global Benzene Market 2020-2024 The author has been monitoring the benzene market and it is poised to grow by $ 6.10 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Historical pricing data is also available. Ethylbenzene (EB) is the largest chemical outlet for benzene and nearly all is consumed in the production of styrene. ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Benzene Price - Select 2020 high quality Benzene Price products in best price from certified Chinese Toluic Acid manufacturers, China Diphenylamine suppliers, wholesalers and … Monthly forecast reports are also available for the Styrene market. “Among the sources, refineries are mainly going to be hard hit,” he said. Benzene contract prices in the US were reported to have settled for the month of December 2020.A loc... Polymerupdate News - Benzene contract prices in the US settles … ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models. That was a … 24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. 2021, Please find more information on the cookies used on our site here, More information about the price reports we publish on Benzene, More information about the historical price data we publish on Benzene, News & Analysis – News & market analysis specifically relating to Benzene, Market commentary on trends and developments. Prices are republished by EIA with permission as follows: Wholesale Spot Petroleum Prices from Refinitiv, Retail Petroleum Prices from AAA Fuel Gauge Report, Prompt-Month Energy Futures from CME Group, and Select Spot Prices from SNL Energy. In the meantime, Europe benzene prices jumped at the beginning of August and as a result some benzene was shipped from Asia to Europe. ICIS publishes daily and weekly price assessments, market news and analyses for the Asian benzene market, all in a single report subscription. Bolstered by an output cut by Saudi Arabia, March Brent crude futures reached $54.3/b Jan 6. The forecast represents a … By sambit.k Nov 10, 2020. Benzene is used to make a number of other chemical intermediates such as alkylbenzene used in detergents, maleic anhydride(unsaturated polyester resins) and chlorobenzenes (engineering polymers). Asian benzene prices went up back from the New Year holiday, on the back of rising oil and downstream styrene prices. That link between climate change and food prices comes with a forecast that the average Canadian family will spend $12,667 on food at grocery stores and restaurants in 2020. The January US benzene contract price was heard to have settled higher this week, jumping 22 cents compared with December's contract price to 253 cents/gal, multiple sources told S&P Global Platts. Ethylbenzene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) The market is segmented by Application (Styrene, Gasoline, Diethylbenzene, Natural Gas, Paint, and Asphalt and Naptha), End-user Industry (Packaging, Electronics, Construction, and Agriculture), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)