Benzene production in India is about 1 MMTPA. Given the global dynamics of this market, price volatility is a regular feature. While production has grown at a decent pace, the demand for benzene in India has fallen in the last two years. Current exports are in the range of 600,000 MT annually.
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The supply-demand gap in Benzene means that exports have gone up. Data shows that more capacity addition is lined up for benzene during 2015 and since domestic consumption is not showing any signs of improvement, exports will continue to grow. According to our analysis, the CAGR of exports will continue to post robust growth in 2015 and onwards.
About 30% of the benzene produced in India goes into production of LAB and this end use segment is showing signs of growth. There is overcapacity of LAB in the domestic market and new capacities are not expected to come up just yet.
Our team of editors and analysts has forged strong relationships with key players in the benzene market, both at the level of the trader and the producer. And this enables us to bring the right market feedback to the table. Our contacts with key players in the end use segments allow us to better understand the dynamics of the market.
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