Styrene Prices, markets & analysis
For those looking to keep abreast of the global Styrene market, our independent, unbiased pricing information, news and analysis of the Styrene monomer markets is an invaluable resource.
Whether you buy or sell Styrene monomer or related products, you need to know about the prices and the factors driving the prices in the global Styrene market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Our editor gives their expert view
Styrene Overview Transcript
Styrene is a liquid chemical which is used to manufacture a wide range of products in two basic groups: plastic resins and synthetic rubber. The raw materials for styrene are benzene and ethylene which are produced from naphtha in an integrated plant.
In the plastic group, styrene is made into polystyrene, EPS, ABS, SAN and UPR. These resins then go into consumer electronics, office equipment, toys, and automobiles as well as the packaging construction and infrastructure sectors.
The other group that styrene goes into is synthetic rubber like styrene butadiene rubber, and styrene butadiene latex. These synthetic rubbers are then used to make items like automobile tyres and a host of rubber products.
The main merchant market for styrene is China, which has been growing at a relatively high rate annually. The Asian styrene market is spot driven, with values of most term contracts derived from spot prices.
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Styrene news and market information products from ICIS
We offer the following regional Styrene analysis and news coverage to keep you informed of factors and developments affecting prices in the Styrene marketplace.
Price Reporting – More information about the price reports we publish on Styrene
Independent price assessments and market coverage by region
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Other types of reports we cover for Styrene
Use margin reports to assess the profitability of commodities
News & analysis
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Insight and analysis of factors driving prices.
Styrene: Market overview
Updated to Q3 2015
In the US styrene market, spot prices declined into the mid-50s cents/lb as two US styrene plant turnarounds completed. Although the market has loosened, some producers are heard sold out of material for July. A still-tight market and higher US benzene feedstock costs could slow or halt the decline in spot styrene prices in July. For contract prices, June styrene values are expected to decline 2-3 cents/lb from May, tracking lower styrene spot values and lower feedstock benzene costs in June.
US Gulf styrene values are expected to decline in the third quarter as supply lengthens after the completion of domestic turnarounds and demand for US styrene exports declines. During the second quarter US styrene values increased as turnarounds in the US had tightened supply domestically while planned and unplanned outages globally increased demand for US styrene exports. With outages resolving, US styrene is expected to return to a more balanced position.
Prices of SM in Asia has waned in recent weeks as the tight supply situation in Asia during the second quarter has mostly abated. Regional facilities that underwent maintenance shutdowns have completed them while recent plant issues have also been mostly resolved. At the same time, weak performance in the downstream resins sector has also exerted downward pressure on SM values. Suppliers, however, expect SM demand to revive in August when the Chinese manufacturing for exports season kicks off in earnest and boosts the consumption of resins.
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ICIS launches Global Styrene Markets General Methodology Consultation more >>
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Styrene Asia Weekly Margin Report Methodology
Styrene Europe Margin Report Methodology
Styrene US Margin Report Methodology
Pure styrene is a colourless to yellow, oily liquid that evaporates easily and has a sweet smell. Styrene is highly flammable, forms explosive mixtures in air, is dangerous when exposed to flame, heat or oxidants and on decomposition, emits acrid fumes.
Styrene is mainly used in the manufacture of homopolymers and copolymers. These include polystyrene (PS), expandable polystyrene (EPS), styrene copolymers (such as acrylonitrile-butadiene-styrene (ABS) resins, styrene-acrylonitrile (SAN) and styrene-butadiene latexes), styrene-butadiene rubber (SBR) and unsaturated polyester resins.
Styrene is produced predominately by ethylbenzene (EB)-based technology. EB is first made by the catalytic alkylation of benzene with ethylene and then dehydrogenated to styrene. The coproduction of styrene with propylene oxide (PO) by the PO/SM process had been gaining popularity.