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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- See what’s driving prices
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- Feed into your own analytical models
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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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Insight and analysis of factors driving prices.
Updated to Q2 2016
The European styrene barge settlement saw an increase of €95/tonne in April on the back of higher spot pricing and gains on raw material costs. A lack of US imports also tightened availability in Europe as the higher-priced Asian market attracted volumes.
Despite the scheduled styrene turnarounds in Europe, there was limited upward movement over the course of April, and the May barge settlement was agreed at a rollover.
Many were expecting to see some downward movement on pricing emerge in May and into June, with imports scheduled to arrive into Europe as the Asian market fell and made Europe a more viable destination for US exports. However, players were not holding high inventories, which kept upward pressure on the front end of the market.
This was eventually reflected in a spike on spot pricing by the end of May, with a delayed restart in Europe also driving prices higher. The June barge settlement saw a €60/tonne increase, but spot numbers dropped sharply over June, dipping below $1,000/tonne. A steep downward correction for the July barge number is now anticipated.
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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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.
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