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 2019
In line with expectations, supply increased amid limited plant shutdowns and was more than sufficient from makers in northeast Asia and the Middle East. Southeast Asian supply was slightly tighter, with one Malaysian unit on a planned shutdown. Domestic Chinese supply decreased gradually over the quarter because of technical issues at two units in east China.
Demand was weak in the early part of the quarter amid high port inventories at east China. Buyers from China gradually emerged to stock up ahead of the Golden Week holiday and demand went up in September. Demand in northeast Asia was mostly poor as production margins had been squeezed, especially in the ABS sector, and as end-users’ inventories were largely ample. Slow sales for styrenic products exacerbated the tepid demand in northeast Asia.
Disappointing demand kept supply in overhang for much of the quarter, but two major turnarounds at the close of the quarter balanced Europe styrene supply. Maintenance was under way at Ellba’s 550,000 tonne/year Moerdijk facility and at the LyondellBasell/Covestro 680,000 tonne/year Maasvlakte site, both in the Netherlands. These were scheduled for around 22 September until 6 November and from mid-September until mid-November respectively. A steady flow of imports continued to enter the market.
Europe styrene sentiment remained weak, as macroeconomic uncertainty reduced confidence in a well-supplied market. The market failed to see any marked pick-up in consumption since the April turnaround season; and despite two planned – and one unplanned – outages in Q3, demand has been insufficient to notably tighten the market. End-use buying interest has been lacklustre for much of 2019, exacerbated by trade uncertainties.
Supply of US styrene was steady in the third quarter, as there were no unplanned outages. Some producers that had reduced operating rates because of a benzene shortage in the second quarter returned to normal rates. Shell took its plant in Scotford, Alberta, Canada down for planned maintenance at the end of September, but was unlikely to affect supply in the third quarter as the company likely made agreements with other producers to fulfill its commitments.
Demand for styrene in the third quarter was soft, as derivative demand did not improve frpom the previous quarter. 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 surged in the quarter, with year-to-date exports up by 54% through the first four seven of the year.
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.
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ICIS is pleased to announce that the 15th World Olefins Conference will be taking place on the 4 March 2018 in Madrid, Spain. This event will once again bring together 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.