China’s accelerating growth in the styrene market

26 July 2016

China SM capacity vs global SM capacity, 2014-2016

China SM capacity vs global SM capacity, 2014-2016

China’s SM capacity stood at 7.157m tonnes, which was 21.8% of the global capacity at 32.83m tonnes in 2014. By 2016, the Chinese SM capacity is expected to reach 7.937m tonnes, increasing this proportion to 23.9%.

In line with this increase in domestic capacity, ICIS estimates Chinese styrene import volumes to fall to 3.56m tonnes in 2016 from 3.74m tonnes in 2015, a decline of 5% year on year. With domestic production estimated to account for slightly more than 60% of China’s styrene supply market as the country becomes more self-reliant, international market players are now keen on monitoring domestic price drivers and market developments in the CFR China and Asia markets.

With domestic data and insights on styrene gathered from industry experts, the ICIS China Styrene Annual Report provides an in-depth analysis of the dynamic domestic China styrene market developments, as well as an outlook for each major demand segment and upcoming price drivers up until 2017. The report comes with a half-year update to help you stay on top of market changes throughout the year and update your knowledge and strategy based on the latest on-the-ground insight.

Five key questions addressed by the study:

  • What are the supply and demand forecast and specific market drivers for the second half of the year?
  • What are the key drivers of prices and demand in the styrene import market?
  • What is the production outlook of domestic producers?
  • What is the consumption outlook of downstream demand for each key segment?
  • What are the seasonal trends for each downstream demand segment?

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About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information

Reed Business InformationReed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

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ICIS China Styrene Monomer Annual Study

A must-have resource which provides in-depth insight on recent developments and hot topics surrounding the Chinese styrene market.

  • A complete review of China’s SM market in 2016
  • Analysis of the current supply and demand, including a one-year forecast
  • Expert analysis of price trends, drivers and margins
  • Commentary on the long-term impact of China’s SM markets on international players
  • Insight into the driving factors for 2017- feedstocks and import/export, among others

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