ICIS provides extensive coverage of the Styrene market. Weekly reports are published in Asia, China, Europe and the US. ICIS publishes monthly margin reports for Asia, Europe and the US as well as 12-month rolling series reports. The margin reports include short-term and long-term market analysis.
Weekly reports cover contract and spot assessments over the week and at the close of business on Friday. Our locally based expert reporters use market intelligence to give commentary on deals, international trade, production news, supply and demand trends, as well as upstream and downstream developments. The up-to-date source of information is a reliable and vital tool in the decision-making process for your business.
Updated to Q4 2018
As Asia remained the most expensive region for styrene monomer (SM), cargoes from US, Europe and the Middle East will continue to make their way in. Already arbitrage volumes from Europe into China are expected to increase in November. Overall plant capacity affected by planned turnarounds will be lower in the fourth quarter.
Manufacturing activity typically slows towards the end of the year, particularly in December. Demand from downstream producers will likely be adversely affected, with thin margins preventing them from increasing operating rates. Buyers in China have room to pick up more cargoes, as inventory levels were low end in the third quarter.
The shifting pattern of global trade flow as a result of antidumping measures imposed by China looks set to remain a talking point in the European styrene market, with most anticipating impactful changes to import and export dynamics in the months and years to come. China has hiked the levy on US cargoes to 55.7% for some US producers.
Demand for styrene in Europe is expected to stay stable through autumn and then start to tail off into late November and December as players look to undertake destocking measures ahead of year-end. Derivative demand could pick up in October as players were holding off on some orders in anticipation of lower prices after September.
As the fourth quarter begins, a planned turnaround at the 1.18m tonne/year Cosmar styrene plant in Carville, Louisiana, is about 50% complete. The work is scheduled to be finished around 20 October. There are no additional planned turnarounds in the US for the remainder of 2018. Canada, which supplied just under 99% of US imports during the first seven months of this year, will continue to be the primary supplier during the final quarter of the year.
Styrene demand in the domestic and export markets is strong at the start of the fourth quarter. Paints and coatings and rubber markets are particularly strong in the domestic market. Demand for arbitrage shipments to Asia and Europe remains strong. US exports to China were already affected by China’s final antidumping duty decision in June. But US supply was recently hit with another 25% tariff as part of the US-China trade war. New trade flows will continue to favour increased volumes to countries like the Netherlands and Turkey.
We offer the following regional Styrene analysis and news coverage to keep you informed of factors and developments affecting prices in the Styrene marketplace.
Price Reporting – More information about the price reports we publish on Styrene
Independent price assessments and market coverage by region
Price forecasts – Concise monthly forward-looking market outlook reports, detailing prices, supply & demand and trade for the next 12 months.
Related products – You might also be interested in the information we publish on these related products
You may also find useful
Price History – More information about the historical price data we publish on Styrene
Track historical price data
Other types of reports we cover for Styrene
Use margin reports to assess the profitability of commodities
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.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.
Styrene is mainly used in the manufacture of homopolymers and copolymers. Its predominant use is in polystyrene (PS)
This document is intended to provide methodology support for customers receiving the ICIS Weekly Margin – Styrene Asia report.
This document is intended to provide methodology support for customers receiving the ICIS Weekly Margin – Styrene Europe report
Ethane (or naphtha) with steam is fed into the cracker unit where ethylene and co-products (propylene, butadiene, benzene, etc.) are made. The ethylene and benzene from the cracker are then further processed (catalytic alkylation) to make ethylbenzene.
Pure styrene is a colourless to yellow, oily liquid that evaporates easily and has a sweet smell. Styrene is highly flammable, forms explosive mixtures in air, is dangerous when exposed to flame, heat or oxidants and on decomposition, emits acrid fumes.
Styrene is mainly used in the manufacture of homopolymers and copolymers. These include polystyrene (PS), expandable polystyrene (EPS), styrene copolymers (such as acrylonitrile-butadiene-styrene (ABS) resins, styrene-acrylonitrile (SAN) and styrene-butadiene latexes), styrene-butadiene rubber (SBR) and unsaturated polyester resins.
Styrene is produced predominately by ethylbenzene (EB)-based technology. EB is first made by the catalytic alkylation of benzene with ethylene and then dehydrogenated to styrene. The coproduction of styrene with propylene oxide (PO) by the PO/SM process had been gaining popularity.
Acrylonitrile butadiene styrene
LONDON (ICIS)--Monthly contract negotiations have started in the European polystyrene (PS) market this week with further downward pressure on prices...Read
SINGAPORE (ICIS)--Asia’s benzene market gains fizzled out midweek as market participants shifted back their focus on the expected lengthening of...Read
LONDON (ICIS)--Steep prices falls for the major olefins and aromatics in northeast Asia, the US and northwest Europe, largely crude-related, pushed...Read