Whichever regional Styrene markets you work in, ICIS offers the thorough pricing information you need to operate with confidence.
Our insights into regional Styrene markets are provided by our network of reporters based locally in those markets.
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Styrene Europe Transcript
The European styrene report at ICIS is a weekly report. It comes out every week on a Friday and it’s a mixture of spot and contract prices.
The spot, we look at the current month and the forward month. The contract several barge numbers are settled. They’re fairly straightforward between a buyer and a seller.
We also have the customer reference price, and that’s slightly different. It’s more of a round-robin process between several consumers and one large seller.
Now the ICIS report in Europe for styrene is the benchmark, so it’s quite widely used. A lot of people set contracts to the numbers, and it’s widely regarded as a reference.
We speak to a lot, a lot of different sized players, the big sellers all the way down to the smaller consumers. And that’s really the best way to get a comprehensive view of the market and where it is that week.
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Updated to Q1 2016
The European styrene barge contract for January settled at €975/tonne FOB ARA, down €20/tonne from the previous month. The spot market saw some price erosion over January, in line with falling upstream benzene and crude oil numbers.
Sources also reported some length in the styrene market, and the restart of the Moerdijk unit added to regional availability. Despite this, there was still strong demand from the downstream styrenics sector owing to the relatively mild winter in Q1.
February saw a €50/tonne reduction on the European barge contract, with lower benzene and ethylene costs weighing down on the styrene settlement. However, spot prices gradually pushed higher over the course of February as some tightness was anticipated by March/April owing to production outages in Europe.
The stronger Asian market also meant that US exports were being diverted away from Europe, although some sources felt that there were no real issues with availability. March saw an increase of €100/tonne on the barge contract, supported by the higher spot numbers, and a similar increase is expected for April.
The ICIS weekly European styrene report comes out every Friday and it is a mixture of spot and contract prices.
With spot, our reporters look at the present month and the forward month, and for contract there are several barge numbers that are settled and are fairly straightforward between a buyer and a seller.
The ICIS report in Europe for styrene is widely used as the benchmark reference.
ICIS speaks to small to medium-sized businesses, from the big sellers all the way down to the smaller consumers. We regard this as the best way of getting a comprehensive view of the market.
If you require a daily styrene price we also produce a daily Aromatics report for Europe which provides you with in-depth pricing information, news and analysis, including a view of the latest styrene prices to keep you informed of the factors and developments affecting the European marketplace on a day-to-day basis.
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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