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 2019
Asian styrene supply gradually decreased in the fourth quarter of 2019 amid some production cuts and squeezed margins. However, most producers still maintained high run rates since average margins for 2019 were still positive – putting a limit on supply decreases. The availability of deep-sea origin product as some traders needed to clear their inventories before the year-end.
Import demand from China was not particularly strong, owing to squeezed margins for back-to-back distribution business and expectations of new start-ups in early 2020. Buyers were mostly at the sidelines. However, activity from northeast Asia increased slightly as some end-users sought to cover their requirements as contractual discussions were not concluded until the last week of December 2019.
Styrene prices in Europe softened in the fourth quarter of 2019 to a low last seen in January 2015, amid falling end-of-year demand and high inventories. Prices had dropped by more than $100/tonne in the space of a few weeks, and margins against benzene became incredibly squeezed. Imports into Europe – mostly from the US – were amounting to around 40,000-60,000 tonnes per month, and supply length was pronounced despite delayed restarts and an unplanned outage.
European styrene demand suffered through most of 2019 and weakened further in the fourth quarter of the year, on macroeconomic fragility and end-of-year destocking measures. Spot liquidity has thinned, with more transactions being done on a contractual or under-the-radar basis. Uncertainty blighted consumer confidence, while excessive length despite production blips and the subsequent plunge in prices to 2015-lows highlighted the volume of imports coming in and the extent of the weak demand.
Supply of US styrene was steady in the fourth quarter, even as Shell took its plant in Scotford, Alberta, Canada down for planned maintenance at the beginning of the quarter. The plant accounts for almost 9% of North American capacity, but the outage did not affect supply as the company has supply agreements with other producers to fulfil its commitments. Softer demand, especially from derivative polystyrene (PS), also lessened the effects of reduced supply.
Demand for styrene in the fourth quarter was soft, unchanged from the third quarter, as downstream demand for polystyrene (PS) continued to be lacklustre. About two-thirds of styrene demand comes from polystyrene (PS) and expandable polystyrene (EPS), both of which saw soft demand. Demand for US styrene for export remained strong in the quarter, continuing a trend seen throughout 2019. US October exports rose by 11% year on year and total exports are up by 42% year to date.
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.
SINGAPORE (ICIS)--The outlook on Asian petrochemicals and fuel products is mixed post-Lunar New Year, with supply of butadiene (BD), acrylonitrile (ACN) and isopropanol (IPA) tightening while other...Read
HOUSTON (ICIS)-- Deputy managing editor and US polyethylene (PE) market expert Zachary Moore discusses the current US PE market fundamentals and what the expectations for the future hold with...Read
HOUSTON (ICIS)--McDermott International has agreed to sell its Lummus chemical technologies business for $2.725bn to a partnership between The Chatterjee Group and Rhone Group, the US energy and...Read
LONDON (ICIS)--Germany’s economy started 2020 on a positive note as fears of trade disputes receded after the US and China agreed a trade truce, financial analysts cited by the research institute...Read
The conference will offer you the perfect opportunity to participate in discussions about the industry’s most pressing issues including new investment, shifts in trade flows, the move towards sustainability and much more.
Join the global players from the olefins value chain to discuss the latest developments in the market and to ensure that you have all the necessary information and connections to drive your business forward.