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 Q3 2020
Chinese supply remained sufficient on high average plant run rates and a lack of scheduled turnarounds. Inventories were high in east China. Supply outside China was capped from some regions because of scheduled turnarounds starting September. Arbitrage supply was healthy as well because of the workable price spread.
Demand from China remained weak through Q3 because of poor import distributor margins. Northeast Asian demand stayed strong because of high downstream run rates and cargo delays from the deep-sea region. Southeast Asian demand was mostly stable.
Planned maintenance took place at a few styrene plants and some facilities downstream. The series of shutdowns began at the end of August and will end by late November. EB and PO/SM run rates were reduced through most of Q3, but increased again by the end of the quarter.
The derivative ABS and SAN markets saw stable-to-higher demand from downstream sectors such as consumer appliances, automotives, electronics, sanitary and furniture applications in September. Most regions registered a contraction of key end-use construction activity in Q3 as social distancing restrictions affected building activity, with Russia and the UK seeing double-digit negative growth.
Supply was adequate despite outages from hurricanes and planned maintenance. In advance of Hurricane Laura, Styrolution briefly shut down its two Texas styrene units at Texas City and Bayport. The Westlake styrene plant in Lake Charles, Louisiana, was in the direct path of the storm and has been offline since late August. Westlake declared force majeure but they are not a major supplier to the US market.
The gradually recovering auto sector continued to weigh on styrene demand during the quarter. There were some signs of pent-up auto demand but auto production was hampered by the pandemic. Vehicle demand remains significantly down from this time last year and analysts point to recovery in 2021. Asian demand from Taiwan and South Korea cleared up some supply overhang.
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
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Price History – More information about the historical price data we publish on Styrene
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Other types of reports we cover for Styrene
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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.
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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.
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