Monthly advisories and detailed reports on petrochemicals market in India. New start-ups will impact the benzene scenario once again. LONDON (ICIS)–Benzene and styrene availability in Europe for the remainder of 2019 will most likely be long, and that length is set to prevail into 2020 on the back of increased Asian capacity. BASF Increases Polyetheramine Prices. The benzene market was strong in the first quarter of 2018, with the benzene to naphtha spread exceeding $300 per mt. Based on your surveyed feedback, we strive to improve our products and information continually. A global team of industry-recognized experts contributes incisive and thought-provoking analysis. Intratec provides Cumene pricing data, covering 13 years of historical prices and forecasts. Missed an event or webinar? Benzene inventory increased from 140 kt at the beginning of last November to 251 kt at the beginning of March this year. Key Companies In The Benzene … The CFR price of Benzene was stable at Rs725 per mt during the entire week. The margins of styrene and phenol are also expected to decline and add pressure on benzene margins. US STDP operating rates have also been reduced and the US now has more room for benzene imports from Asia and this is an opportunity for Asian producers looking to diversify their market after China added big benzene capacities this year. Benzene demand grew 1% in 2019, IHS Markit says. Effective January 1, 2021, or as contracts allow, The Dow Chemical Company, Read more. Under Aromatics category, Benzene, c9 and c10 solvent prices remained unchanged during the last week at Rs.54, Rs.70 and Rs.55 per kg respectively after Rs.1 of uptick in Benzene price last Tuesday. In the rest of the world, gas prices tend to be higher, but the nominal price of benzene isn’t an indicator of benzene prices in a given country. Reference price of Benzene is 645.805USD/MT, up 0.12% from 645.013USD/MT on 2020-12-30. Since the beginning of this year, benzene quotes have grown in the region by EUR195 per ton, i.e. Benzene Market – Growth, Trends, and Forecast (2020 - 2025) 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 … Even with NGLs languishing at 2019 lows, costs to produce ethylene with anything other than ethane is a losing proposition for most. However, in 2019, paraxylene margins have sharply corrected downwards and olefin margins have also dropped. These benzene price come with optimal purity averaging around 97% to 99% and have distinct melting points and boiling points depending on the intermediate material. The … Get the objective, authoritative analysis you need without delays. Subscribers to our Commodity Price Database have access to Cumene and as many as 217 other commodities prices across several countries from main world regions. It will be purchasing 20 kt per month of benzene during the naphtha cracker turnaround and will maintain the Southeast Asia market supply-demand balance after Chandra Asri starts up. Higher benzene demand from Europe, the United States and Asia have resulted in Asian benzene market recovery. In Indonesia, Chandra Asri will complete their naphtha cracker turnaround in mid-September. Currently, the Asian benzene market has been supported by two major styrene producers. Benzene Capacity And Production Forecast Up To 2019 5.2. As a result, the benzene market collapsed in April 2018. by 40%. 5.1. All Rights Reserved, Propylene Industry Developments in Northeast Asia, Ethylene Market Outlook Considering the Impact of COVID-19, The biocides market in the times of Coronavirus, Latin America’s petrochemical industry: Unexpected changes resulting from COVID-19 and lower crude oil prices, Chemical recycling of plastics waste – A new business opportunity in the Arabian Gulf, Oil Markets, Midstream and Downstream Services. Your email address will not be published. In addition, the No. However, large new paraxylene and benzene plants are on the brink of starting up their operations in Asia. Improve your strategic vision for 2020 and beyond with IHS Markit Benzene World Analysis. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. At one time, benzene was obtained almost entirely from coal tar; however, since about 1950, these methods have been replaced by petroleum-based To help listeners stay abreast of changes, new developments and trends in their industry, IHS Markit experts and analysts have contributed to podcasts on timely and thought-provoking topics. IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. Find webinars, industry briefings, conferences, training and user groups. Get ahead of Interbank Offered Rate (IBOR) benchmark reform, California Do Not Sell My Personal Information. 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. Supply/demand in Belgium, 2014-2019 Balance of benzene trade in Belgium in recent years Supply/demand in Czech Republic, 2014-2019 Sustainability drives the entire IHS Markit enterprise. Paraxylene margins improved substantially from August 2018 to April this year until the start-up of Hengli’s large paraxylene plant. The benzene to naphtha spread (margins) reduced from $225 per mt in August 2018 to $51 per mt in March 2019 caused by the increase in benzene imports to China which resulted in an increase in China’s benzene inventory. Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. However, LPG prices have been low relative to naphtha since May this year and LPG charge to crackers has increased to 10-15%, resulting in some reduction in pygas based benzene production. Although some paraxylene producers reduced STDP and TA base paraxylene production rates slightly, it has not helped in reducing overall benzene supply as new paraxylene capacity has been added during the same period. The benzene monthly contract price in euros has been published since October 4, 2002. The need for higher benzene exports to the US. On the other hand, benzene import volumes to China reduced substantially to 65 kt in June and July respectively. The arbitrage from South Korea to the US is closed but open to China. Benzene has a boiling point of 80.1 °C (176.2 °F) and a melting point of 5.5 °C (41.9 °F), and it is freely soluble in organic solvents, but only slightly soluble in water. During COVID-19, IHS Markit is offering more online events for the safety of our guests. Asian benzene players focused on exporting to China rather than to the US. Save my name, email, and website in this browser for the next time I comment. Less than 1… https://t.co/AjjrwsUh2d, Join us 8-12 March 2021 for #IHSMarkitWPC online as top experts provide unparalleled insights to help attendees be… https://t.co/jfqhvSGH0E, Get a unique view of existing #petrochemical capacity along with real start-up data with our global #chemical asset… https://t.co/ByCcEfaXpg, Copyright © 2020 IHS Markit. May benzene price Europe Thus, if we take the price of benzene in dollar equivalent, then the May contract price for the material has increased compared to April by USD40 per ton. DUBLIN, Feb. 27, 2019 /PRNewswire/ -- The "Benzene: 2019 World Market Outlook and Forecast up to 2023" report has been added to ResearchAndMarkets.com's offering.. Naphtha cracker operating rates also remain high. Review the recordings of past online events. US Benzene Prices were assessed at $2.75 – 2.83 / gal FOB (free on board) in mid June 2015. The global phenol market was worth US$ 22.1 Billion in 2019. The combined effect is going to be complicated and one could expect to see significant volatility in benzene margins until all new capacities stabilize. More information about the price reports we publish on Benzene Get latest benzene prices, offer prices, market trends in India and company price lists. In September, the naphtha to Brent price spread remained low at $24 per mt whereas the 2018 annual average was $74 per mt. The international market had no large surplus and was relatively balanced. Chinese benzene players have kept the China price lower than the FOB South Korea benzene price in order to protect their market share against import cargoes especially after the start of Hengli’s plant. Low benzene margins, therefore, became an issue. Your email address will not be published. During the latter half of 2019, the expectation is that US benzene supply will remain tight throughout Q3, and that tightness will be alleviated by a steady stream of imports, prompting expectations of prices correcting heading into Q4. in order to determine the affordability of benzene (or every other product), you have to evaluate the fee to income. From March 13, 2009, Platts started publishing the benzene contract price in US dollars, initially weekly, and then daily since January 2012. Thereafter through the year, benzene production was high from paraxylene integrated reformer/TA plants and naphtha cracker operations. The relatively tighter Asian benzene market will begin to ease. If not, high STDP operations would not be required and the US might continue to import Asian benzene. Benzene plant operation round-up (Dec 31, 2020) Jan 4 2021 8:24AM : Benzene market daily (Dec 31, 2020) Dec 31 2020 4:45PM : China-Europe freight train number via Xinjiang port hits new high: Dec 31 2020 4:04PM : China's manufacturing PMI hits 51.9 in December: Dec 31 2020 4:03PM Ethylene margins were robust for a long time since 2015 to mid-2018. Benzene market daily (Dec 21, 2020) Dec 21 2020 4:52PM : Petrochemical market morning express (Dec 21, 2020) Dec 21 2020 8:48AM : Benzene market weekly (Dec 14-18, 2020) Dec 21 2020 8:31AM : Benzene plant operation round-up (Dec 18, 2020) Dec 21 2020 8:29AM : Benzene … Benzene is an industrial chemical that is widely used in the manufacture of plastics, resins, synthetic fibers, rubber lubricants, dyes, detergents, drugs, and pesticides.Polymerupdate offers an in-depth coverage of Europe Benzene industry.The regional price reports will help visitors develop market - entry and market expansion strategies. Although toluene prices look to correct after the gasoline season, it is still uncertain if paraxylene exports from the US are needed. Although relatively smaller, Pengerang Refining and Petrochemical (RAPID) Malaysia will also start naphtha cracker operations soon and has already started its refinery operations. In the meantime, Europe benzene prices jumped at the beginning of August and as a result some benzene was shipped from Asia to Europe. However, STDP operators in US have been cautious in increasing their operating rates. The benzene to naphtha spread (margins) reduced from $225 per mt in August 2018 to $51 per mt in March 2019 caused by the increase in benzene imports to China which resulted in an increase in China’s benzene inventory. Benzene Consumption Forecast Up To 2019 5.3. Mar 22, 2019 (The Expresswire via COMTEX) -- Benzene Industry 2019 Global Market Research report provides information regarding market size, … During the last fortnight, Benzene prices edged higher in the international market due to gain in upstream energy values. Join a global business leader that is dedicated to helping businesses make the right decisions. The IHS Markit team of subject matter experts, analysts and consultants offers the actionable intelligence you need to make informed decisions. December 15, 2020. The U.S. Consumes more benzene than other countries, and the average family spends about $2,000 a year on benzene, but inside the previous few years, low gas fees have given hundreds of thousands of drivers more money to spend or save. It's how we do business by guiding our values and culture on the notion that we can make a difference. In Asia, FCFC plans to restart its No. Customers around the world rely on us to address strategic and operational challenges. Required fields are marked *. This resulted in 80-90 kt per month of benzene supply into the Chinese market. The low naphtha price relative to crude contributed to improved benzene margins. Polyol PRICE INCREASE. The forecast represents a huge price drop from the $600s/metric ton in 2019. Benzene inventory increased from 140 kt at the beginning of last November to 251 kt at the beginning of March this year. Europe’s forward benzene market is in extremely steep backwardation with October trading $80-100 per mt lower than September. 3 aromatics plant in the fourth quarter, which has been shut since April after the explosion. 2020-12-30 Reference price of Benzene is 645.013USD/MT, down 0.37% from 647.386USD/MT on 2020-12-29. Prices had been supported by tight supply because of maintenance shutdowns at reformers in Asia-Pacific and the Middle East. In addition, new large-scale styrene and phenol plants will start together with the naphtha cracker integrated to the Chemical refineries of Zhejiang PC in Zhoushan. 2 aromatics plants will restart in mid-October after the completion of a scheduled turnaround. This would mean that FCFC’s benzene supply will recover substantially. Explore the vast range of benzene price at Alibaba.com and get your hands on these verified chemicals for distinct purposes. Higher netback prices to the United States have also been supporting Asian benzene players. In Southeast Asia, Chandra Asri continues to operate two styrene plants after starting a turnaround of their naphtha cracker from the beginning of August for 60 days. From last November to February this year, the benzene net back price to China was higher than the net back price to the United States (US). In Asia, we have been assessing benzene on … In the meantime, the robust Asian styrene market continues to support the Asian market as well. As a result, STDP operating rates in the US declined and in turn gave an opportunity to increased benzene imports from Asia. In 2019, despite the reduced margins, both paraxylene and naphtha cracker operations remain high. The Ethiopian Ministry of Trade and Industry has announced revised retail prices for fuel, effective from today May 8, 2019. The start-up of Hengli’s new capacity, at a time when the inventory of benzene in China was already running high, further dented the already weak market, which was further compounded by the severe loss in demand due to turnarounds of major styrene plants. Our Customer Experience surveys help us deliver the necessary and effective services you demand. We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the China Benzene marketplace.. Price reporting. post office prices for all kind of package 2021, KFC menu One of the best chain of restaurants in the world N1, Global Benzene Market 2021 with (Covid-19) Impact, اسعار البيتكوين اليوم - سعر البيتكوين الان مقابل الدولار والجنيه 2020 - أسعار اليوم. Here is the revised price of the different types of fuel/gas. The benzene to naphtha spread increased to $210 per mt, its highest since August 2018 and recovering from a low of $41 per mt in April. While producers certainly do not price all of their ethylene at the spot price, that low price is a largely unprofitable one. Be a part of a family of professionals who thrive in an exciting work environment. As the European benzene price rocketed, the US and Asian benzene prices followed suit. 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