For clear insight into regional Styrene markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
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 US 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 Q4 2016
The fourth quarter outlook in the US styrene market changed on 13 October when Westlake Chemical suffered a fire at its 259,000 tonne/year Lake Charles styrene plant in Louisiana. About one week later, the US Gulf supply situation worsened when INEOS Styrolution was forced to take its 450,000 tonne/year styrene plant in Texas down as a result of mechanical issues. Westlake's plant was fully operational by mid-November, and the INEOS Styrolution plant was expected to be fully operational by 15 December.
The US supply shortage was exacerbated by the fact that Shell Canada, which conducted a turnaround in September and October on a catalytic reformer at its Scotford upgrader in Fort Saskatchewan, Alberta, was operating at reduced rates in November due to a compressor issue.
In addition to the domestic tightness, US prices were also being affected by higher Asian prices due to strong demand. Increased demand was largely the result of key outages and low stocks in the region, especially in China.
The ICIS US styrene report is widely read by majors as a benchmark in the aromatics / petrochemical sector. This is crucial because many companies trust ICIS in how we assess the market.
They can pretty much put their business in our hands because of our accuracy and reliability, it can affect their outlook for a month, a quarter or even an entire year.
The US gulf (USG) styrene report includes a monthly contract price and a weekly spot price. We cover all bases in ensuring the accuracy of this report.
We talk to buyers, we talk to producers, we talk to brokers, we talk to traders and we talk to shipping experts when it comes to this market and that is precisely why you should actually read the US Gulf (USG) styrene report from ICIS.
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.
Whether you are a buyer, producer or trader, the weekly ICIS US Styrene Margin report will help you understand how costs and prices affect product profitability.
The report covers integrated styrene production, from naphtha and benzene feedstocks, and standalone styrene production, from ethylene and benzene feedstocks, using contract and spot models.
The models track various market factors, including feedstock prices and business cash costs, giving you a better understanding of market dynamics. They combine ICIS’s benchmark price assessments with plant manufacturing and feedstock yield data provided by Linde Engineering.
The Styrene Margin report enables you to:
- Review the weekly movements in variable costs and margins for integrated and standalone styrene production
- Understand the various factors driving styrene profits and anticipate their impact on your business
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.