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 Q2 2021
Supply was curtailed throughout because of ongoing scheduled maintenance across the entire region. The deep-sea arbitrage for US and Europe exports to Asia stayed closed as well on tighter supply in those regions.
Demand outside of China stayed strong on short covering and overall unchanged downstream run rates. Chinese import demand was weak, however, because of squeezed import margins and sufficient local production.
Supply improved in Q2 as output from one of the region’s biggest producers resumed, EB/SM production economics became more favourable and as imports from the US recovered. Strong demand for PO also supported output from PO/SM units. Later in the quarter maintenance by Trinseo and Versalis limited some availability.
Healthy demand for styrene continued into Q2, although some derivative consumption slowed due to record high spot and contract prices. Downstream demand into construction and packaging remains generally strong. Demand for styrene exports to the Mediterranean and the Middle East were also at healthy levels.
Supply spent much of Q2 recovering from the impact of the mid-February polar storm that shuttered plants and disrupted feedstock supply. Three Texas Gulf Coast plants that were shut during the storm – INEOS Styrolution’s Bayport, Texas City and LyondellBasell’s Channelview plants – restarted by April and the supply chain gradually refilled.
Demand was strong in several downstream and derivative markets. ABS demand has been strong, driven by online purchases during the pandemic, and as the auto sector, electronics, appliances and other producers rebuilt inventory. Demand for downstream EPS was strong in North America with the ongoing expansion in US manufacturing activity.
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.
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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.
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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.