Benzene Prices, News, Database, Demand and Supply | ChemAnalyst

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Benzene Prices Overview
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Market Overview Quarterly Update
on Global Benzene Market   For the Quarter Ending
September 2020   Asia The third quarter
performance highlighted that Benzene stocks in
the Asian market exceeded their last quarter
levels as several new Chinese refineries ramped
up production while sellers continued to lament
over stockpiling inventories. Get more info
https//www.chemanalyst.com/Pricing-data/benzene-2
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2
Benzene Prices Overview
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• Mixed sales due to uncertain market dynamics
  while several economies continue to exit
  lockdowns continued to impact the Benzene
  consumption. However, with many Southeast Asian
  refineries implementing production cuts September
  onwards, and downstream manufacturing units
  accelerating output in several Asian economies
  ahead of the festive season, market players
  believe that the demand-supply gap is likely to
  strike out a much-needed balance in Q4 2020.
•  
• Europe
•  
• The third quarter European Benzene market
  remained lengthened with narrow Benzene-Naphtha
  spread indicative of the fragile market
  conditions. The demand for benzene from
  downstream sectors remained seasonally low in
  addition to pressure of economic fallout due to
  COVID-19. The pricing graph last showed an upward
  trajectory in July and then gradually tapered off
  due to oversupply situation. Closures of
  automotive factories and persistently weaker
  dynamics in the styrene sector hard hit the
  regional demand. Market players stated there has
  been a substantial recovery in demand since the
  last quarter, but not strong enough to push
  Benzene back to the pre-COVID levels as of now.
•  
• North America
•  
• The third quarter showed mixed results for the
  North American Benzene industry. Regional Benzene
  demand remained firm from the Styrene segment
  amid a recent uptick in exports as well as
  stronger Benzene demand in the US. Margins for
  the mixed xylene sector were pressured amid soft
  demand from the downstream Paraxylene segment.
  Wave of production shutdowns due to hurricane
  Laura led to temporary supply shortage. Prices
  showed a sharp rebound with rise in upstream
  crude futures and prospects turning positive as
  trading windows opened between the US and Asian
  markets. 

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Benzene Prices Overview
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• How we can help
• ChemAnalyst addresses the key problematic areas
  and risks associated with chemical and
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  decision-maker to make smart choices. It
  identifies and analyses factors such as
  geopolitical risks, environmental risks, raw
  material availability, supply chain
  functionality, disruption in technology and so
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  projects globally.
• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various Benzene
  manufacturers, spread across the domestic and
  international markets, suppliers and
  dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  the companys annual reports and secondary
  sources such as exhaustive search on credible
  paid databases, including our internal database
  is done to verify the information. All the
  collected information is analyzed, evaluated and
  presented in chronological order to depict a
  meaningful and clear picture of the concerned
  market.
•  
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global Benzene market. The team
  analyzes various industrial segments, strategic
  viewpoints and provides an analysis of the
  industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.

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Benzene Prices Overview
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• Several ongoing development projects across
  industries are tracked, followed by the details
  of major projects in the development stage, which
  can positively or negatively influence Global
  Benzene market.
•  
• Pricing is captured through exhaustive primary
  interviews with domestic and international
  manufacturers, traders and importers and
  customers on weekly, monthly and yearly basis.
•  
• Finally, region-specific markets for Benzene are
  analyzed and region-wise demand pattern is
  tracked.
• About
• Benzene (C6H6) is an aromatic hydrocarbon and a
  colorless, refractive liquid possessing a
  characteristic aromatic odour and toxic vapour.
  It obtained as a by-product during the Refinery,
  Naphtha Cracker, Paraxylene and Steel plant
  processes. Benzene is one of the key building
  blocks for several petrochemical intermediates
  such as ethylbenzene for styrene production,
  cumene for phenol and acetone, cyclohexane for
  nylon chain and nitrobenzene for aniline. These
  derivatives are used across many industrial
  sectors to produce countless consumer goods such
  as textile, packaging, paints, adhesives,
  plywood, electronics, dyes, agrochemicals,
  pharmaceuticals and several others. The global
  Benzene industry is particularly complex because
  of the different means of production and variety
  of end uses it involves. Catalytic reforming or
  steam cracking of liquid petroleum feedstocks and
  hydrodealkylation (HDA) of toluene and toluene
  disproportionation (TDP) are some of the common
  Benzene manufacturing processes used worldwide.
  Benzene is also co-produced during the production
  of a paraxylene-rich xylenes stream. Being
  strongly tied to several commodity
  petrochemicals, the overall Benzene consumption
  strongly varies with the general economy and has
  been increasingly linked to the expanding polymer
  and petrochemical industries in the emerging
  countries of the world.