Highlights

The global economy is still showing signs of revival in 2024. The mismatch between global capital and labor variables is getting worse over time, even while the short-term economic momentum is still strong. The mismatch of resource factors may suppress the growth of global total factor productivity, thereby slowing down long-term economic growth.

In 2024, the growth rate of supply and demand in China’s benzene business has decreased, indicating a slowing period of expansion for the aromatics industry as well. The price of benzene increased due to the imbalance between supply and demand in H1, 2024, and the ratio of benzene to oil once reached above 120. Nevertheless, losses in the benzene downstream industries have resulted from low terminal consumption and a sluggish rebound in demand. When will there be downstream negative feedback amid the continuous industrial conflicts? How can efficiency be improved and costs reduced? Increasingly, the market is paying close attention to how upstream producers can optimize earnings and develop stable industry influence.

Looking ahead, the refining capacity needs to be controlled within 1 billion tons by 2025, and the growth rate of benzene capacity may slow down again. Even though downstream sectors have several new units planned for production, downstream losses are getting worse as the industries’ capacity steadily saturates. When are the new units going to be operational? How can the supply imbalance between regions be resolved? How to achieve cross-regional arbitrage? More than just a catchphrase, how can downstream enterprises cut expenses and boost productivity? How can traders and producers seek new opportunities?

SCI will offer you precise and thorough data supported by a qualified analytical team, from the viewpoint of the sector and industry chain. Through all-round monitoring of producers’ operating rate, downstream operating rate, inventory, and other data, SCI 2024-2025 China Benzene Market Annual Report offers customers a systematic and objective presentation of the current and future issues and development directions faced by China’s benzene industry. Throughout the writing process, data analysis is the main topic, with a focus on merging supply, demand, and correlation with related products to deeply analyze the current changes in the benzene market. In addition to doing a detailed assessment and summary of the past, it interprets and analyzes changes in the industry throughout the following five years, giving clients a solid foundation on which to assess the market.

Report value

1. Gain a deeper grasp of benzene supply and demand fundamentals through trade flow analysis on a worldwide basis. 

2. Explore new trends and models in the industry through the analysis of the correlation between oil blending and benzene prices

3. Delve into changes in the supply and demand patterns and look for potential development tendencies amid saturating downstream industries.

4. Analyze the factors driving price changes from multiple perspectives and objectively evaluate the transmission of the benzene value chain.

5. Investigate novel ways to lower costs and boost productivity in the aromatics industry.

Contents

Part 1 Benzene Market Overview

Part 2 2020-2024 Benzene Market Supply-Demand Balance

2.1 2020-2024 Supply-Demand Balance Trend

2.2 2024 Monthly Supply-Demand Balance Characteristics and Price Correlation

Part 3 Benzene Market Supply Pattern and Variation Trend

3.1 2024 Global Benzene Capacity

3.1.1 Global Benzene Capacity Layout by Region

3.1.2 2024 Global Benzene Trade Flow

3.2 2020-2024 China Benzene Capacity Variation

3.2.1 China Benzene Capacity Development Trend

3.2.1.1 Benzene Capacity Development Trend

3.2.1.2 Benzene Capacity Concentration Ratio

3.2.1.3 Existing Benzene Capacity

3.2.2 China Benzene Capacity Layout

3.2.2.1 Benzene Capacity Layout by Province and Region

3.2.2.2 Benzene Capacity Layout in Coastal Areas

3.2.3 2024 China Benzene Trade Flow Analysis

3.2.3.1 China Benzene Major Sales Areas, Demand Volume and Resource of Goods

3.2.3.2 China Benzene Major Production Areas, Output and Outflow Directions of Goods

3.2.3.3 China Benzene Market Trade Flow Characteristics and Influence

3.2.4 2025-2029 China Newly Added Benzene Capacity

3.2.4.1 2025-2029 China Benzene Capacity Forecast

3.2.4.2 2025-2029 China Proposed New Benzene Capacity

3.3 2020-2024 China Benzene Output Variation

3.3.1 2020-2024 China Benzene Output

3.3.1.1 China Benzene Annual Output Trend and Capacity Utilization Rate

3.3.1.2 China Benzene Annual Output Variation by Region

3.3.2 2024 China Benzene Production Characteristics and Reason

3.3.2.1 2024 China Benzene Monthly Output Variation Characteristics and Influence

3.3.2.2 2024 Benzene Production High-Frequency Data Characteristics

3.4 2020-2024 China Benzene Import Market Analysis

3.4.1 2020-2024 China Benzene Import Data

3.4.1.1 China Benzene Import Volume Trend

3.4.1.2 China Benzene Import Pattern by Trade Partner

3.4.1.3 China Benzene Import Pattern by Receipt and Delivery Registration Place and Trade Mode

3.4.2 2024 China Benzene Import Volume Variation

3.4.2.1 Monthly Import Volume and Characteristics

3.4.2.2 2024 Import Influence on China’s Total Supply

3.4.3 Influence of Oil Blending Demand on Benzene Import Volume and Price

3.5 2024 China Benzene Inventory Variation

3.5.1 Benzene Total Inventory Variation and Trend

3.5.2 Inventory Variation and Price Relation Characteristics

3.5.2.1 Inventory Variation and Supply-Demand Relation

3.5.2.2 Inventory Variation and Price Relation

3.6 Benzene Warehousing and Logistics

3.6.1 Benzene Storage and Logistics Conditions and Policies Analysis

3.6.2 Storage and Logistics Costs Analysis

3.6.3 Changes in Warehousing and Logistics and Influence on Prices

3.7 2025-2029 China Benzene Supply Forecast

3.7.1 2025-2029 Benzene Total Supply Volume Forecast

3.7.2 2025 Monthly Supply Volume Forecast and Influence on Prices

Part 4 Benzene Demand Pattern and Variation Trend    

4.1 2020-2024 Global Benzene Consumption Variation Trend

4.1.1 2020-2024 Major Consumer Countries and Consumption Changes

4.1.2 2024 New Characteristics of Benzene Consumption and Influences

4.2 2020-2024 China Benzene Consumption Variation Trend

4.2.1 China Benzene Annual Consumption and Variation Trend

4.2.1.1 2020-2024 Benzene Consumption Volume Variation Trend and Analysis

4.2.1.2 2024 Monthly Consumption Variation and Analysis

4.2.1.3 Influence of Oil Blending Demand on Benzene Consumption

4.2.2 China Benzene Downstream Industry Demand Changes and Characteristics

4.2.2.1 Benzene Downstream Comprehensive Gross Profit Variation

4.2.2.2 Benzene Downstream Comprehensive Operating Rate Variation

4.2.3 China Benzene Downstream Industries Distribution and Regional Consumption Structure

4.2.4 China Benzene Downstream Industry Customer Size and Demand Variation

4.2.5 China Benzene Major Downstream Industry Customer Size in Major Regions

4.3 2020-2024 China Benzene Export Market

4.3.1 2020-2024 China Benzene Export Data

4.3.2 2024 China Benzene Export Volume Variation

4.4 2025-2029 Benzene Demand Growth Forecast

4.4.1 Styrene Industry Market Size and Demand Forecast

4.4.2 CPL Industry Market Size and Demand Forecast

4.4.3 Phenol Industry Market Size and Demand Forecast

4.4.4 Aniline Industry Market Size and Demand Forecast

4.4.5 Adipic Acid Industry Market Size and Demand Forecast

4.5 2025-2029 China Benzene Consumption Volume Forecast

4.5.1 China Domestic Consumption Volume and Variation Trend

4.5.2 Benzene Export Volume Variation Trend

4.6 Benzene Consumption Peak and Off Seasons

4.6.1 Benzene Consumption Peak and Off Seasons Characteristics

4.6.2 Correlation Between Benzene Consumption Peak and Off Seasons and Prices

4.6.3 Correlation Between Benzene Consumption Peak and Off Seasons and Downstream Comprehensive Gross Profit and Operating Rate

Part 5 Benzene Price Trend

5.1 Global Benzene Market Price Trend

5.1.1 Benzene Price Trends and Characteristics in Major Regions

5.1.2 China and Overseas Price Spread Characteristics and Influence

5.2 China Benzene Market Price Trend  

5.2.1 Price Variation Characteristics

5.2.1.1 Overall Price Trend Characteristics

5.2.1.2 Price Characteristics in Major Regions

5.2.2 2024 Price Trend Seasonality Characteristics

5.2.3 2024 Benzene to Oil Ratio Trend

5.2.4 2024 Benzene and Related Products Price Spread Trend

5.3 Related Product Price Co-Movement

5.3.1 Benzene and Major Feedstock Price Correlation

5.3.2 Benzene and Major Downstream Product Price Correlation

5.3.3 Benzene and Related Product Price Correlation

5.4 Benzene Production Cost and Profit

5.4.1 Benzene Cost Structure and Characteristics

5.4.2 Benzene Profit Variation and Influence

5.4.2.1 Benzene Profit Trend and Characteristics

5.4.2.2 Profit Variation Influence on Benzene Production

Part 6 Industry Competition Pattern and Changes in Operator Behavior

6.1 Benzene Industry Competitive Landscape Change and Trend

6.2 Value Chain Analysis and Forecast

6.3 SCI-Monitored Enterprise Operational Trend

6.4 Downstream Customer Purchasing Key Factors

6.4.1 Exploration of Cost Reduction and Efficiency Improvement Paths for Downstream Factories

6.4.2 New Measures for Downstream Factories to Reduce Costs and Increase Efficiency

Part 7 Benzene Industry Outlook

7.1 2025-2027 Benzene Price Trend Forecast

7.2 Benzene Market Drivers Development Forecast

7.2.1 Macro Environment

7.2.2 Industrial Policy

7.2.3 2025-2029 China Benzene Supply-Demand Balance Forecast

7.2.3.1 2025-2029 Benzene Supply-Demand Balance Trend and Characteristics Forecast

7.2.3.2 2025 Benzene Monthly Supply-Demand Balance Forecast

7.2.4 2025-2029 China and Global Benzene Trade Flow Forecast and Influence

7.2.4.1 2025-2029 Global Benzene Trade Flow Forecast and Influence

7.2.4.2 2025-2029 China Benzene Trade Flow Forecast and Influence

7.2.5 Benzene and Related Product Price Co-Movement Forecast

7.2.6 Influence of Oil Blending Demand on Benzene Prices

7.3 2025 Major Benzene Price Drivers Influence Extent

Appendix 1 Benzene Industry Highlights

Appendix 2 Benzene Market Annual Events

Appendix 3 Macro and Industry Policies (2024)

Appendix 4 Methodology and Related Definition

Appendix 5 Tables and Charts

Appendix 6 Related Product Annual Reports

2024-2025 China Styrene Market Annual Report

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