Styrene Prices, markets & analysis
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.
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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Price History – More information about the historical price data we publish on Styrene
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Other types of reports we cover for Styrene
Use margin reports to assess the profitability of commodities
News & analysis
News & Analysis - News & market analysis specifically relating to Styrene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Styrene: Market overview
Updated to Q1 2016
The January European styrene barge settlement was agreed at €975/tonne FOB ARA, down €20/tonne from the previous month. Spot levels have subsequently eased lower so far in January amid limited buyer interest.
The anticipated Ellba restart by the end of January will add some length to the market, which could counteract some of the strength seen among derivative producers since October 2015.
The Asia styrene market is expected to remain weak in the first quarter. Deep-sea arrivals in January are expected to keep a lid on prices. Demand in Asia is typically soft ahead of the Lunar New Year holidays across the region in the first half of February.
US styrene demand for the first quarter looks fairly strong, as previously negotiated contracts for the year were for healthy volumes. The first quarter has started with December contract prices settling between a rollover and an increase of 2 cents/lb from November. As a net exporter of styrene, the US targets regions where prices are more favorable. As the first quarter begins, the US is targeting Asia, as its prices are stronger than Europe.
News & analysis
Styrene news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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ICIS launches Global Styrene Markets General Methodology Consultation more >>
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.