Whichever regional Polystyrene markets you work in, ICIS offers the thorough pricing information you need to operate with confidence.
Our insights into regional Polystyrene 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
Polystyrene news and market information products from ICIS
We offer the following regional Polystyrene coverage to keep you informed of factors and developments affecting prices in the Asia Polystyrene marketplace.
Price Reporting – More information about the price reports we publish on Polystyrene
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 Polystyrene
Use margin reports to assess the profitability of commodities
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News & analysis
News & Analysis - News & market analysis specifically relating to Polystyrene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2018
Production rates rose in the quarter, as feedstock prices cooled off. Earlier on, high styrene monomer (SM) prices had prevented producers from running at high rates due to high margins, but as SM prices fell, operating rates picked up as well. Later in the quarter, sellers struggled to place cargoes outside of the region as production costs were relatively higher. Inventory levels built up as a result.
Demand was firmer from the previous quarter due to an increase in manufacturing for exports. Q3 did see decent demand, particularly compared with Q2 as high prices deterred buyers from picking up larger volumes, but market players noted that the mood was still somewhat subdued – some buyers had switched to cheaper alternatives, while the trade war between US and China created too much uncertainty. Buyers were still on the conservative side as a result.
The ICIS Asian polystyrene (PS) report includes both the general purpose (GP) and high impact (HIPS) grades and covers several key trading markets, most notably Hong Kong and China.
Hong Kong remains a key trading hub for PS and our report and this quote is pertinent in providing an accurate snapshot of the spot market in China.
The China price quote covers several key trading areas including Shanghai and Shenzhen. Price assessments and commentary for the Chinese domestic markets are also included.
Coverage on the southeast Asia (SE Asia) market completes the round of the PS market in the Asia-Pacific. Besides tracking traits in the market, the report also comments on the demand-supply situation and reviews plant operating rates in Asia.
This provides additional context to our analysis and gives our clients more information with which to make informed decisions.
Working closely with our colleagues and China we poll producers, traders and end users before providing an accurate price assessment.
The ICIS report helps our customers to make sense of the market.
Our detailed and reliable price assessments have made them an essential reference tool, be it in contract negotiations or as an independent source of arbitration.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Polystyrene. 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 pricing’s Polystyrene Asia margin report covers integrated and stand-alone (or non-integrated) production of both general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) in both northeast and southeast Asia. The integrated models are based on naphtha, the dominant cracker feedstock in Asia, combined with feedstock benzene sourced from the cracker and, in the case of HIPS, purchased polybutadiene. Full account is taken of cracker co-product credits. The stand-alone models consider GPPS production from purchased styrene and HIPS production from purchased styrene and polybutadiene. All models are based on spot prices.
For more information on ICIS pricing’s Polystyrene Asia margin report, read the full methodology here.
More on ICIS margin reports
Whether you are a buyer, a seller or a trader, ICIS margin reports can help you understand how costs and prices hit product profitability. Our reports provide prompt signals on the direction of variable margins for a range of commodities. Our margin offering delivers reliable and timely indicators of the extent to which producers are covering their fixed costs. ICIS margin calculations are underpinned by Linde Engineering plant manufacturing and feedstock yield models.
For more information on ICIS margin models in general, view our video.
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 Polystyrene, 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.