CATEGORY

Benzene

Beroe LiVE.Ai™

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Category Alerts

CATEGORY ALERTS

US benzene demand is projected to increase in H2 2022 on the restart of derivatives plants

July 21, 2022
alert level: Medium
CATEGORY ALERTS

US spot benzene prices drop as gasoline demand declines

July 25, 2022
alert level: Low

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Benzene Market Monitoring Dashboard

Price Trend
1284.00
Feb-2023
USD/MT
History Forecast
Supply Demand

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Benzene Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Benzene category is 6.50%

Payment Terms

(in days)

The industry average payment terms in Benzene category for the current quarter is 70.4 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Benzene Suppliers

    2,672
    Total Suppliers
    36
    Diverse Suppliers
    75
    Normalized Supplier Rating
    Benzene Supplier

    Find the right-fit benzene supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Creditsafe Rating

    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    59
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82
    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    Benzene market report transcript

    Benzene Global Market Outlook:

    MARKET OVERVIEW: Global Benzene Market Size: $67.9 billion (2019)
    Expected to grow at a CAGR of 2.0 percent (2017-2024 F)

    Porter's Analysis on Benzene (NA and Europe)

    Supplier Power

    • Aromatics comes predominantly as a by-product in crude refining in the western markets: Production of benzene is quite low in the West as against Asia, where BTX units are set up.

    • Benzene is mainly produced as a co-product in refinery gasoline stream and during production of steel as COLO. So, the industry is technically backward integrated, which results in complete control over the supply chain

    Barriers to New Entrants

    • Huge capital cost on the back of changing feedstock dynamics, due to the shale gas advent: Barrier for entrant is higher, due to the high capital cost involved in plant set up. The US has shifted to gas-based setup, which puts the benzene sector at a disadvantage

    Intensity of Rivalry

    • Integrated facilities and import dependency: Comparatively, consolidated industry with complete control over the value chain starting from crude oil or naphtha
    • However, availability of material from Asia adds to the supply options for buyers, thus increasing the rivalry among domestic producers for the market share

    Threat of Substitutes

    • There are no substitutes available for benzene in the derivative markets

    Buyer Power

    • Buying power is low for small volume buyer (personal care product manufacturers): Mostly, benzene producers are forward integrated with high demand derivatives, like styrene and cumene. Thus, benzene availability for other niche segments remains tight

    • For instance, personal care and pharma- grade benzene command only about 2–3 percent of the total benzene demand, and so, the buyer power is very low