中文
S & P global proctor’s recent analysis shows that in the second half of the year, the global pure benzene market is expected to restore the balance between supply and demand. As far as the US market is concerned, the data show that the export of pure benzene from South Korea to the US has increased greatly recently. The volume of pure benzene transported from South Korea to the us from May 1 to 10 is equivalent to the level of April. It is expected that the US will surpass China and become the largest export market of pure benzene from South Korea in May.
At the same time, with the easing of COVID-19, the advancement of the new crown vaccination process, and the promotion of summer business opportunities to the production and operation of American enterprises, the production capacity of pure benzene in the United States is expected to increase this summer. In Europe, ExxonMobil’s chemical plant in Rotterdam, the Netherlands, is about to finish its maintenance work and return to operation. Coupled with the increase of global cargo shipping, the balance between supply and demand in the European market will also be improved.
It is worth noting that for some time, the high price of pure benzene in the Asian market has caused dissatisfaction from downstream manufacturers. Affected by the tight supply of pure benzene in the first half of the year, the price of pure benzene in Europe and the United States is generally higher than that in Asia. While a large number of Asian production capacity is exported to Europe and the United States, the local price also soars. From April to May of this year, the offshore benchmark price of pure benzene in South Korea hit a seven-year high for many times.