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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Insight and analysis of factors driving prices.
Updated to Q1 2015
Jiangsu styrene monomer (SM) prices showed an increasing trend from the beginning of January to March 2015 on the back of tight supply.
The prices ranged between Chinese yuan (CNY) CNY6,600-8,600/tonne ex-tank Zhangjiagang throughout the three months, with a peak at the beginning of March and the low being CNY6,600 ex-tank Zhangjiagang in early January. The import price increased by about $350/tonne to $1,180/tonne on 26 March.
SM prices went up from the beginning of January to March because supply was tight. A number of maintenances were scheduled from March to May in South Korea and Japan, and inventory in east China decreased to 160,000 tonnes at the end of March. Sellers were not keen to sell cargoes given the upcoming maintenance season. On the other hand, a firming crude oil price could also help push up styrene pricing.
Downstream demand being not so good until March also prevented styrene price from keeping increasing. Most players had a wait-and-see attitude and market sentiment was thin in the first quarter of 2015.
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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