China's styrene prices surge on lower inventory & active ... Styrene price hikes in anticipation of inventory decrease. C16-C18 Fatty Acid & Alcohols (Oleochemical), Oleochemical (C12-C14 fatty acid & alcohols), With the purchase of the report, you also get, Upto 3 free content refreshes on the report over the next 12 months, Complimentary 12 month access to Beroe LiVE, the world’s largest procurement-only community, Ability to request for the report in .PPT format, Complimentary access to “Procurement Espresso” magazine, which has a reach of 50,000+ sourcing professionals, COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE (World Instant Risk Exposure). The global styrene market faces the challenge of new supply from Asia and sluggish downstream demand in 2020, according to market participants. European styrene is expected to remain long in 2020 as the market continues to get to grips with US imports, subdued downstream demand and new Chinese capacities. Many producers have readjusted production portfolios. All rights reserved. Access latest agriculture news and analysis, conferences and events. The European market has been at the center of a shift in trade flows, with the region becoming the hub for global styrene flows. Rising imports and weak demand weighed on the spot market in 2019, resulting in a growing disconnect between spot and industry-settled contract prices. Please use the button below and we will bring you back here when complete. In the meantime, plant turnarounds, especially in Mainland China and Taiwan, over March and April, are expected to tighten Asian styrene supplies, providing price support. Concerns over global uncertainties, especially US-Chinese trade tensions, also cast a shadow over Asian acrylonitrile-butadiene-styrene (ABS) and polystyrene. Beroe, News & Each section of the research study is specially prepared to explore key aspects of the Styrene Monomer (SM) market. Slowing demand from the downstream markets since the fourth quarter may lead to lower operating rates to minimize losses and balance supply, sources said. It’s free and easy to do. https://" : " https://"); Demand was further muted by trade tensions and slow growth downstream. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Commodity Prices and Essential Market Data, Mediterranean Bunker Fuel Virtual Conference, Influence of Energy Transitions to Power Prices. It also includes Styrene-Maleic Anhydride Copolymer market channel, distributor, and customer analysis, manufacturing cost analysis, company profiles, market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other market studies. Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber, Including Styrene-Butadiene Rubber (SBR) and Ethylene Propylene (WPU07110224) from Jun 2003 to Oct 2020 about synthetic, rubber, plastics, commodities, PPI, inflation, price index, price, indexes, and USA. Downstream, the derivatives markets will be underpinned by economic conditions in Europe. Asian styrene established a downward trend in late 2019 and sank to a four-year low of $867/mt on November 11, on ample supply and bearish sentiment. Prices for both PE and PP resins were already on the rise before Hurricane Laura and then jumped in chunks over the past several weeks. Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. Rating. The PS market is estimated to grow at 3.4 percent during 2015-2022 driven by the steady demand for EPS resin in construction and HIPS /GPPS resin in packaging and electronics sector .China will propel the demand for HIPS/GPPS resin due to the growing demand in the Consumer electronics industry .This sector is expected to grow by 8-10% during the period 2015-2022 . Access latest petrochemicals news and analysis, conferences and events. However, most Asian styrene producers are running at normal rates and sources said they expect rates to remain stable in 1H 2020, with a weak yet positive margin. This is expected to cause pockets of tightness, although the effect will be short lived as the demand decline continues. Access latest shipping news and analysis, conferences and events. Supplier Financial Risk These factors are expected to continue putting the US styrene market under pressure in H1 2020. Singapore —
To continue reading you must login or register with us. "The window does not close, it is a constant arbitrage," a European producer said. Your registration is complete and your account is active. -- Edited by Jonathan Fox, firstname.lastname@example.org. Want a more detailed personalised report? Insights, Procurement Lackluster demand and increasing supply were the key drivers, and the trend is expected to continue. The global automotive industry is expected to remain slow into 2020. An email confirming your password has been sent. Styrene : The styrene market is to be driven by the downstream usage from the PS market . North American producers have cost advantages via cheap ethylene, but sources said high-cost producers elsewhere could be forced to shut plants. Meanwhile, more storms are forming in the Atlantic, with at least one targeting the Gulf Coast. The ABS sector faced a difficult 2019 due to several factors: a slowdown in the automotive sector as well as weak end-user consumption underpinned by economic slowdown. 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. Market If you are a premium subscriber, we are unable to send you a link to reset password for security reasons.