Highlights
In 2022, the capacity expansion of China's benzene industry continues, but it is not as fast as the expansion speed of downstream markets. China’s domestic supply is tight throughout the first half of 2022, and short squeezes occur frequently, boosting the benzene price strongly. In the first half of 2022, the benzene price has reached RMB 10,350/mt at one time, breaking the new high in nearly a decade. In the second half of the year, the benzene supply increased gradually affected by the opening of the domestic-foreign arbitrage window, and downstream industries have suffered heavy losses. Under this background, the benzene price falls from a high level.
In the downstream market, styrene is still the main force to promote the growth of benzene demand. In 2022, many newly added styrene units have been put into operation one after another, and the industry competition is fierce, with the continuous loss of profits at styrene producers. Following styrene, caprolactam, phenol, acetone and adipic acid have also fallen into deficit in 2022. Cost factor became one of the main factors affecting downstream industries, and downstream factories suffer.
In 2023, benzene may be listed in futures after styrene, and the market attention will increase again. In addition, there are many new downstream projects in 2023, involving styrene, phenol and acetone, caprolactam, etc., while the new capacity of benzene will be less. In the future, the supply and demand pattern of benzene will remain dynamic. When will the regional trade flow change? How will the output gap of benzene be supplemented in the future? How can new projects maximize profits? How will buyers react?
Report value
1. Review the change pattern of China’s benzene market through supply-demand and price comparative analysis over the years.
2. Grasp the position of oil-based benzene and coal-based benzene in their respective industrial chains through the analysis of value chain.
3. Forecast the future market tendency on the basis of more comprehensive and accurate data.
4. Forecast the trade flow change of oil-based benzene and coal-based benzene.
5. Analyze the demand changes and profitability of downstream industries.
Related Product Annual Reports
2022-2023 China Styrene Market Annual Report
Contents
Part 1 Benzene Market Overview
Part 2 2018-2022 Benzene Market Supply-Demand Balance
Part 3 Benzene Market Supply Pattern and Variation Trend
3.1 2022 Global Benzene Capacity Analysis
3.1.1 Global Benzene Capacity Layout by Region
3.1.2 2022 Global Benzene Trade Flow Analysis
3.2 2018-2022 China Oil-based Benzene Capacity Variation Analysis
3.2.1 China Benzene Capacity Concentration Ratio Comparison Analysis
3.2.2 China Benzene Capacity Layout by Region
3.2.3 2022 China Benzene Trade Flow Analysis
3.2.4 2023-2027 Newly Added Benzene Capacity
3.3 2018-2022 China Benzene Output and Operating Rate Variation Analysis
3.4 China Benzene Import Analysis
3.4.1 2018-2022 China Benzene Import Data Analysis
3.4.2 2022 China New Benzene Import Trade Partners Analysis
3.4.3 2022 China Regional Import Volume Variation Analysis
3.5 2022 China Benzene Inventory in Coastal Areas
3.6 Benzene Warehousing and Logistics Analysis
3.7 2023 China Benzene Supply Pattern Forecast
Part 4 Benzene Demand Pattern and Variation Trend
4.1 2018-2022 Global Benzene Consumption Variation Trend
4.2 China Benzene Consumption Variation Tendency
4.3 2018-2022 China Benzene Export Market
4.4 China Benzene Consumption Structure
4.5 China Benzene Consumption Structure by Region
4.6 China Benzene Downstream Industry Customer Size and Demand Variation
4.7 China Benzene Major Downstream Industry Customer Size in Major Regions
4.8 2023-2027 China Benzene Demand Growth Forecast
4.9 2022-2027 China Benzene Consumption Volume Forecast
4.10 Benzene Consumption Peak and Off Seasons
4.11 Benzene Customer Key Purchasing Factors
4.12 Operation Risks and Barriers
Part 5 Benzene Price Trend Analysis
5.1 China Benzene Market Price Trend
5.2 International Benzene Market Price Trend
5.3 Related Product Price Co-Movement
5.3.1 Benzene and Major Feedstock Price Correlation Analysis
5.3.2 Benzene and Major Downstream Price Correlation Analysis
5.3.3 Benzene and Related Product Price Correlation Analysis
Part 6 Benzene Industry Outlook
6.1 2023-2025 Benzene Price Trend Forecast
6.2 Benzene Market Drivers Development Forecast
6.2.1 Macro Environment
6.2.2 Industrial Policy
6.2.3 Production Technology
6.2.4 2023-2027 Benzene Supply-Demand Balance Forecast
6.2.5 Market Competition Pattern
6.2.5.1 2023-2027 Global Benzene Trade Flow Forecast
6.2.5.2 2023-2027 China Benzene Trade Flow Forecast
6.2.6 Value Chain Analysis and Forecast
6.2.7 Related Product Price Co-Movement Forecast
6.3 Major Benzene Price Driver Influence Extent
Appendix 1 Benzene Industry Highlights
Appendix 2 Benzene Market Annual Events
Appendix 3 Methodology and Related Definition
Appendix 4 Distributor List
Appendix 5 Tables and Charts
Legal Statement