After the recent surge in Q4 2020 buying activity created renewed optimism in downstream markets, benzene demand looks to ease in 2021. Benzene market daily (Feb 4, 2021) Feb 4 2021 4:47PM : Sinopec revises up benzene listed price: Feb 4 2021 2:51PM : Petrochemical market morning express (Feb 4, 2021) Feb 4 2021 8:18AM : Benzene market daily (Feb 3, 2021) Feb 3 2021 4:37PM : China's central bank conducts 100 bln yuan of reverse repos Wednesday Historically, Naphtha reached an all time high of 1180.47 in July of 2008. According to a source in Europe, the benzene contract price was fully settled for the month of Janua... Polymerupdate News - European benzene contract price settles … Buying activity has recently subsided as fresh supplies begin to resurface. The primary chemicals produced from benzene are ethylbenzene, cumene, cyclohexane, and nitrobenzene. US Linear Alkyl Benzene (LAB) Market Outlook 2020 – Scope and Business Growth Overview by Regions, Latest Trends, and Opportunities Forecast to 2024. In the international market, Benzene … What is covered in the report about the “Malaysia Benzene Industry” GlobalData’s report, “Benzene Industry Outlook in Malaysia to 2020 – Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants”, provides up to date in-depth information on Malaysia’s Benzene industry. More specifically, it is the simplest of these compounds, comprising of one single aromatic ring. Firm demand in those regions drew Asia cargoes over, resulting in a reduction in supply length towards late year. Europe benzene spot prices were elevated in the Q4 2020 on tight supply, with few offers and little material available for prompt delivery. 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. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. They each lead to downstream products used in a range of consumer applications, and the COVID-19 impact on them is mixed. What is covered in the report about the “Malaysia Benzene Industry” GlobalData’s report, “Benzene Industry Outlook in Malaysia to 2020 – Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants”, provides up to date in-depth information on Malaysia’s Benzene industry. Find out more about the ICIS supply and demand database >>. 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. Benzene prices in China increased due to a prolonged tightness in cargo availability in the domestic market. However, the coronavirus disease 2019 (COVID-19) pandemic has sidelined those challenges and made the outlook for benzene much more complicated, according to Peter Feng, senior director/benzene at IHS Markit. ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. In December 2020, the average monthly price of the Canadian oil benchmark Western Canadian Select (WCS) amounted to 37.32 U.S. dollars per barrel. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. Benzene Highlights from 21 Dec,2020 - 01 Jan,2021. In cold weather, benzene solidifies to a white crystalline mass. 2021-01-06 Market Analysis - Monthly Report - December, 2020 - Cyclohexanone 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. World Petrochemical Conference (WPC) 2020 Online, Elementis signs sales agreement with UK chemtech firm, Rubis reports rise in storage sales, increases exposure to chemicals upside, JGC awarded FEED for ethane plant to supply feedstock for new PE plant in Kazakhstan, ZapSib ramp-up boosts Sibur's fourth-quarter earnings, sales, Odfjell loss narrows, expects weaker first quarter. Market sources regularly indicated that heightened styrene demand in key Asia markets propelled much of the demand domestically after months of weakening fundamentals in the US market kept demand lower. Click Here To Know More . 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. Speaking at the IHS Markit World Petrochemical Conference (WPC) 2020 Online, Feng said that COVID-19 will push benzene prices to historic lows this year. 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. Listen to deputy managing editor for Europe... LONDON (ICIS)--Chemical prices continued to climb in January, with the ICIS Petrochemical Index (IPEX) improving strongly from December. 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) Benzene Toluene Price - Select 2020 high quality Benzene Toluene Price products in best price from certified Chinese Benzene Derivatives manufacturers, Linear Alkyl Benzene suppliers, wholesalers and factory on Made-in-China.com Find out more about the ICIS Supply and Demand Window. 24 Expiry Details Found. Other processes are hydrodealkylation (HDA) of toluene and toluene disproportionation (TDP). Exports from the newly opened Enterprise terminal took cargoes of 9,000 mt to 11,000 mt of ethylene out of the United States, and new ethylene production in Louisiana continued to be delayed. Key vendors Benzene demand grew 1% in 2019, IHS Markit says. As a result, the price of benzene will likely reach historic lows during 2020 in the $200s/metric ton, similar to levels reached after the dotcom bubble in the early 2000s and the financial crisis of 2008–09, Feng said. Its vapour is toxic and highly flammable. Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. Although negligible change was observed in demand fundamentals due to the pandemic, negotiations prompted by the traders to initiate better offtakes shrouded the contract prices due. Prices are republished by EIA with permission as follows: Wholesale Spot Petroleum Prices from Refinitiv, Retail Petroleum Prices from AAA Fuel Gauge Report, Prompt-Month Energy Futures from CME Group, and Select Spot Prices from SNL Energy. Demand has firmed since the sharp rise in styrene demand helped buoy benzene purchases for most of Q4. Find out more about ICIS consulting expertise in China >>. Prompt-Month Energy Futures, 2/09/21 Settlement: Product Price Percent Change* Volume Prior Day Open Interest; Crude Oil ($/barrel) - Nymex Mar: 58.36 +0.7 We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the Benzene marketplace. Benzene is a colourless, refractive liquid with a characteristic aromatic odour. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine. If you would like to get a quote on a new 2020 Yamaha Viking use our We source speakers who have the appropriate expertise and experience to deliver excellent quality papers. However, continued working from home could make the gasoline demand fall permanent, says Feng. The “Linear Alkyl Benzene (LAB) Market” report provides overview of competitive landscape analysis, major trends, and key regional development status. ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. 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. Capacity utilizations have been heard as low as 65%-70% of nameplate already.-- Tess Tseng, tess.tseng@spglobal.com-- Kevin Allen, kevin.allen@spglobal.com-- Simon Price, simon.price@spglobal.com The forecast represents a … Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. Higher benzene demand from Europe, the United States and Asia have resulted in Asian benzene market recovery The key downstream styrene monomer (SM) market was particularly bullish as resin consumption was lifted by increased manufacturing activities in Q4. US Benzene Prices were assessed at $2.75 – 2.83 / gal FOB (free on board) in mid June 2015. 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%. The spread to naphtha finally improved after months of extremely narrow and unprofitable spreads. ICIS produces a series of highly informative and timely conferences. 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. By sambit.k Nov 10, 2020. 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 … ICE Futures U.S. Benzene, IHS MARKIT US Index Fixed Price Future. Benzene is used in the production of pharmaceuticals; specialty chemicals; plastics; resins; dyes; pesticides and other organic compounds.