Styrene Asia Transcript
The ICIS Asian styrene report is one of the company’s flagship publications and the benchmark for the industry in Asia. Price assessments within the report are widely used in term contracts in Asia.
The prices of the report are also used to conclude deals in the market. The market place in Asia has trust in our consistent, fair and accurate price assessments and our robust methodology that provides the framework for these assessments.
The report gives an overview of the market with the cost and freight (CFR) China, domestic China and the free on board (FOB) Korea quotes closely followed by market players on a daily and weekly basis. We look at the market from various angles and perspectives speaking to producers, traders and consumers before arriving at the few market moving factors for the week.
Demand and supply conditions are often the place to start, as well as inventory levels across the shore tanks in China, the main merchant market. By checking the operating status of plants in the Asia Pacific region, we provide clients further context on the market to aid them in their decision making.
The report also covers the downstream sector and addresses price movements in the upstream benzene and ethylene markets. Whether it is our daily or weekly report, ICIS helps subscribers to keep on top of the market developments in what can be a very volatile and liquid market.