Styrene Prices, markets & analysis
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.
Use ICIS information to:
- See what’s driving prices
- Understand fluctuations
- Feed into your own analytical models
- Confidently negotiate deals
- Underpin settlements and contracts
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.
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 Europe Styrene marketplace.
Price Reporting – More information about the price reports we publish on Styrene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
Other types of reports we cover for Styrene
Use margin reports to assess the profitability of commodities
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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.
Updated to Q2 2014
The monthly barge contract for April saw a €15/tonne increase to €1,385/tonne FOB ARA, in line with higher benzene costs as well as a sense that derivative activity might pick up in line with seasonal demand patterns. However, ample availability due to US imports kept prices relatively flat over the course of the month despite upward pressure from benzene.
May saw a €20/tonne increase in the barge contract, which settled at €1,405/tonne, which was primarily driven by sellers looking to maintain production margins as benzene continued to gain ground. Spot pricing saw some erosion as the month unfolded, with June moving into contango. The lacklustre sentiment in Asia was keeping Europe from moving higher, as imports continued to arrive and demand failed to ignite. Weaker benzene pricing throughout May also weighed down on styrene numbers.
June saw the barge contract settle at €1,360/tonne, down €45/tonne. The explosion at Shell’s Moerdijk site saw spot levels spike briefly, but sentiment remained bearish and prices remained flat overall despite some further upward movement for benzene in June.
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.
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.
ICIS launches Global Styrene Markets General Methodology Consultation more >>
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.