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Related Keywords: benzene prices, benzene prices in Europe, benzene prices in US, caprolactum price, caprolactum price in China, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China, Nylon yarn prices, polyamide chip price

Benzene prices soared across regions in December but showed moderation later amid weaker demand in China. In US, spot benzene moved up to 16-month highs due to rising Asian numbers, a strong derivative styrene market and low benzene fixtures to the US. In Europe, benzene spot moved up during the month. Asian marker, FOB Korea surged 18% in December and declined 5.9% YoY. US spot prices rose 16.7% while it fell 7.3% YoY as compared to previous year’s average. European spot was up 22.6% on the month while it fell 3.5% YoY.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China, Nylon yarn prices, polyamide chip price

In the last week, ended on 20th May 2016, benzene prices fell in Asian markets amid thin discussions while supply tightness persisted in SE Asia for June and arbitrage from S Korea to China remained open. However, the prices drop varied sharply across Asian markets, with lowest drop seen in India and highest in Southeast. In US, spot benzene moved higher on bullish views on supply while European benzene market ended quietly with spot price retreating slightly.

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Asian benzene was dearer in the last week, ended on 1st April 2016, amid stable crude while demand in US is yet to rebound. Asian benzene markers were up US$9-13 a ton on the week and rose 15.1 per cent on the month. In Europe, spot price was down on weak demand while monthly contract price was fully settled. In US, spot was pressured by excess supply while April contracts rose amid closed arbitrages to US. April settlement marked the third consecutive split settlement, in line with market expectations. In Latin America, spot benzene dipped, tracking USG pricing.

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The nylon value chain has lost more than half its values in Asian markets by end 2015 end ever since they were at their yearly peak in May-June. The plunge was triggered by the rapidly falling crude oil prices where in benzene, a refinery product – is closely linked. Caprolactum, a nylon fibre intermediate, is derived from benzene via cyclohexane. Nylon chip, nylon fibre and nylon filament yarn are derived from caprolactum. Thus, the final product costing depends on the movement in crude oil and thereby, benzene markets.

Benzene markets tumbled across regions and prices plunged sharply in Asia on weak demand amid excess supplies. The arbitrage window from Asia to US was firmly shut. In Europe, prices dropped amid demand gaps as it lost demand from styrene market with the benzene-styrene spot spread surging dramatically. In US, the benzene markets saw another decline as export opportunities to Europe were absent with the price spread narrowing.

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Related Keywords: Benzene price, caprolactam price, caprolactum price, nylon chip price, nylon filament price, Nylon price, polyamide chip price

Benzene prices jumped sharply across regions for the third consecutive month of April, with highest rise seen in Europe. Asian benzene prices rose on strength of downstream styrene and toluene markets and also buoyed by the spurt in US numbers. Asian benzene marker, the FOB Korea jumped 8% or US$62 in April. In US, spot benzene posted sharp gains in week four of April on buying interest and gains in Europe. In Europe, reduced pygas availability pushed benzene markets up while exports and rising demand reduce domestic supply. US spot prices rose 12% while European spot jumped 17% from March.

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Benzene prices surged 13-16% in March across regions while US numbers hit a four-month high in the first week of the month. In Asia, a strong demand for May cargoes supported prices to go up while in European bullish sentiments caused prices to jump. In US, derivative styrene’s demand for benzene held firm as participants eyed export opportunities to Europe, which ultimately led to reductions in benzene supply locally. In Latin America, benzene prices rose week on week tracking key global markets higher.

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Increasing supplies of crude oil from North American shale formations continued to weigh heavily on prices this year, creating a glut in world markets and decreasing demand for oil from the Organization of the Petroleum Exporting Countries. OPEC forecast that its market share would be 5 percent lower by 2018 as shale supplies continued to increase faster than demand. However, OPEC Secretary-General Abdullah al-Badri believes that the 12-member cartel, which pumps a third of the world's oil, prices would recover next year.

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Related Keywords: Benzene price in asia, Benzene price in Europe, Benzene price in US, caprolactum price, nylon chip price, nylon filament yarn price, polyamide chip price, textile prices