Styrene Prices, markets & analysis
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From pricing information to the analysis you need to understand it, ICIS coverage of regional Styrene markets is second to none.
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Styrene China Transcript
The styrene monomer (SM) China report is published weekly. It covers spot trading in the Chinese domestic and import market and gives users clear and timely price assessments, for East China ex-tank and South China delivered and cost and freight (CFR) China Main Port (CMP) prices.
The report gives readers in depth analysis and changes in China’s SM market. It also includes data of spot inventories in East China, the operating data of SM producers and downstream expandable polystyrene (EPS), polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS) units.
This comprehensive view helps readers clearly understand the driving forces behind price changes. All the information in the report comes from our dedicated reporters who closely track trading and have a deep understanding of the SM market.
The report is used by our customers to establish their own pricing terms with suppliers or customers and to plan for the future. It is an important source of information which is very useful for their business requirements.
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News & analysis
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Insight and analysis of factors driving prices.
Updated to Q2 2014
In the second quarter, Jiangsu SM prices fell before increasing again, on the back of weak market fundamentals but subsequent firm benzene prices.
The prices were at yuan (CNY) 11,200-11,850/tonne ex-tank Zhangjiagang throughout the second quarter, with highest at the beginning of April 2014. By 4 June 2014, the price settled at CNY 11,200 ex-tank Zhangjiagang.
SM prices fell from early April to the early June, in line with high inventories and weak downstream demand. In addition, operating rates in the downstream sectors remained low and downstream buyers stood on the sidelines amid weak SM prices.
From the beginning of June, the prices of benzene, the raw material of SM, were on an uptrend. As a result, SM prices rebounded, especially for import SM prices. Furthermore, some traders bought futures and forward-month shipments actively on back of some news of SM unit shutdowns. At the end of June, import prices were at $1,655/tonne CFR CMP , up from $1,565/tonne CFR CMP on 4 June 2014.
The styrene monomer (SM) China report is published weekly. It covers spot trading in the Chinese domestic and import market and gives users clear and timely price assessments for East China ex-tank, South China delivered (DEL) and cost & freight (CFR) China Main Port (CMP) prices.
The report gives readers in-depth analysis and changes in China’s SM market. It also includes data of spot inventories for East China, the operating data of SM producers and downstream expandable polystyrene (EPS), polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS) units.
This comprehensive review helps readers understand clearly the driving forces behind prices changes. All the information in our report comes from our dedicated reporters who translate truck trading and have a deep understanding of the SM market.
The report is used by our customers to establish their own pricing terms with suppliers or customers and to plan for the future. It is an important source of information for their business requirements.
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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