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 2018
The supply tightness is likely to ease as China’s SM plants have mostly returned from turnarounds. An increase in flows of SM cargoes from Europe and the US into Asia has further added to availability of spot cargoes, but this could slow as arbitrage economics were increasingly unattractive.
An increase in supply in the region is expected to keep a lid on SM prices and help polystyrene (PS) and expanded polystyrene (EPS) margins recover. Some market participants expect demand to pick up over the third quarter, but the mood has been dampened due to the US-China trade war, resulting in thin trade.
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. There is anticipation of impactful changes to import and export dynamics in the months to come, with increased US imports and Asian exports.
Demand for styrene in Europe is decent in a balanced market, with the outlook steady to softer because of the upcoming summer holiday period in July and August. Buying interest from the key polystyrene (PS) and expandable polystyrene (EPS) sectors should increase in September as activity ramps up after the summer.
The US styrene market is entering the third quarter at full production, following heavy turnarounds during the first two quarters. There are no planned outages in the US during the third quarter. With replenished inventories in their systems, producers that conducted turnarounds have returned to normal contract and spot sales.
Demand for arbitrage shipments remains strong, while demand in downstream markets, including PS, EPS and acrylonitrile-butadiene-styrene (ABS), is steady-to-strong. Exports will continue to largely move to Mexico, Europe and South America during the quarter. China’s final ADD decision in June raised tariffs for the five US styrene producers.
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
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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.
Acrylonitrile butadiene styrene