ICIS provides extensive coverage of the Styrene market. Weekly reports are published in Asia, China, Europe and the US and daily reports are also available for Asia. There are monthly margin reports for Asia, Europe and the US as well as 12-month rolling series reports. The margin reports include short-term changes as well as the longer-range view and give reliable analysis and methodology.
Weekly reports cover contract and spot assessments for the price range over the week and at close of business Friday. Our locally-based expert reporters use market intelligence to give commentary on deals taking place, international trade, production news, supply and demand trends as well as upstream and downstream developments. This up-to-date and trustworthy source of information is a vital tool in the decision-making process.
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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
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Other types of reports we cover for Styrene
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News & analysis
News & Analysis - News & market analysis specifically relating to Styrene
Breaking news of latest developments affecting the markets.
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Styrene: Market overview
Updated to Q3 2016
Following several months of bullish pricing, some downward correction is expected for European styrene in Q3. Production is running well after several shutdowns in Q2. Healthy demand from the construction sector is likely to see less consumption over the second half of 2016. However, the Asian styrene market will provide a pricing floor for the market in Europe.
Asia SM prices started rising sharply in late June, amid anticipation of reduced availability in the weeks ahead on the back of some output cuts in eastern China due to mandated shutdowns in August ahead of the G20 Summit in September. Recent falls in shore tank inventories along eastern China in early July further spurred buying interest as buyers decided to stock up material. With the third quarter manufacturing for exports season kicking off in China, factories are expected to lift production and increase consumption of styrene in the weeks ahead.
US styrene supplies will be improved in Q3 as INEOS Styrolution has just returned its 430,000 tonne/year Sarnia styrene plant in Ontario, Canada, to full operations following a two-month, planned turnaround. Spot exports in July are favouring Asia due to higher prices than Europe, but supply is tight until August. Talk of two autumn North American turnarounds could not be substantiated.
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Styrene news & analysis
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Styrene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
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.