PODCAST: Asia styrene prices up almost 20% on firm sentiment after Western outages

Author: Jasmine Khoo

2021/02/19

SINGAPORE (ICIS)--Asia's styrene monomer (SM) prices have risen by almost 20% on the back of tightened supply outside of China, following unexpected production disruptions due to natural disasters ahead of the scheduled turnaround season in northeast Asia, and improved buying sentiment as a result.

In this episode of the ICIS Asia podcast, Senior Editor Jasmine Khoo speaks with Trixie Yap, editor in charge of the Asia-Pacific SM market on the recent development.

  • Firm buying sentiment emerge on even tighter supply outside of China
  • Sufficient Chinese may balance out unexpected production losses in the West
  • End-user demand volumes to hinge on downstream production spreads