Styrene Prices, markets & analysis
Unrivalled coverage of the Asian styrene market
Use ICIS information to:
- Follow price fluctuations and drivers
- Monitor supply/demand dynamics
- Input into your own internal analytical models
- Negotiate contracts using a reliable price reference
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.
Styrene news and market information products from ICIS
We offer the following regional Styrene coverage to keep you informed of factors and developments affecting prices in the Asia Styrene marketplace.
Price Reporting – More information about the price reports we publish on Styrene
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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.
The Asian styrene monomer (SM) market was on a downstream after the Lunar New Year holidays in late January and early February. Previous optimism of renewed demand after the Lunar New Year holidays gave way to pessimism when demand did not pick up as expected.
The build-up in inventories along eastern China shore tank to above 300,000 tonnes in March was a result of weak offtake rates from the downstream styrenic resins sector. Despite a slew of scheduled maintenance shutdowns from February to April, prices in Asia dipped below $1,600/tonne CFR (cost & freight) China on two occasions. Prices have not been below $1,600/tonne CFR China since November 2012.
The weak SM prices in the domestic Chinese market also contributed to weak demand for import cargoes, with domestic prices at times more than $100/tonne lower than import cargoes.
Traders who imported higher-priced parcels before the Lunar New Year holidays were heard to be stuck with these parcels with many placing them in the Chinese shore tanks as they await for a market recovery. Prices appeared to have difficulty in rising above $1,650/tonne CFR China in March, with recent attempts at this level meeting with heavy selling.
Updated to Q1 2014
Asia styrene price reports
ICIS publishes daily and weekly reports for the Asian styrene market, covering the latest prices, market news and analysis. Whether you are a buyer, trader or seller, our pricing information gives you access to time-sensitive deals, offers/bids and price movements, as well as commentaries on the various factors influencing prices.
The reports cover all of the following:
- CFR (cost & freight) quotes for southeast Asia, northeast Asia and China
- FOB (free on board) Korea price assessments
- East China ex-tank
- Supply/demand and trading activity in the region
- Upstream ethylene and benzene markets
- Plant production/shutdown schedules
To provide a holistic view of prices, a subscription to the report gives you access to historical pricing data and a table of confirmed deal prices (CFR China) for the next 3 months, broken down into half months.
Global aromatics annual study
For an accurate view across the markets, and to support your decisions on future investment or expansion, ICIS Consulting publishes an aromatics global annual study, detailing how supply and demand is forecast to develop from now until 2025. The study includes reconciled data and expert analysis on trade flows, plant capacities and supply and demand data for benzene, toluene, xylene and their respective derivatives.
Global aromatics supply and demand database
This online database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for all key aromatics commodities around the globe. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country specific perspective.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Styrene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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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.