Japan Chemical Trading Blog
Increase in Benzene Price
Benzene is one of the aromatic compounds produced from cracked gasoline derived from naphtha, and as an elemental petrochemical, is used as raw material for resins and adhesives. During the distillation process of this compound, other aromatic compounds such as xylene, toluene, etc., are also obtained.
As we reported in May, when the pricing in that month was announced, the export volume to the U.S., where shale gas (from which not much Benzene is produced) usage is robustly expanding, and a decrease in Benzene production led by this also contributes to the tight supply-demand situation.