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. Benzene • December 2020 • 521,- €/t (+103) Para-Xylene (PX) • November 2020 • 510,- €/t (-5) Ortho-Xylene (OX) • December 2020 • 565,- €/t (+15) Downstream demand remains unclear as end users hold back amid volatile styrene prices. However, demand from the construction industry remained shrouded under containment measures due to Covid-19 where UK and Russia were the major countries highlighting double digit downward growth. Global Styrene Market Overview 2020 Webinar: Global Animal Feed Market - Global Outlook & Insights Join our live webinar to get insights into the global animal feed market. Demand was further muted by trade tensions and slow growth downstream. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. Access latest shipping news and analysis, conferences and events. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. An increasing discount between spot and contract European styrene prices could cause a fundamental change in the way contract volumes are priced, according to buyers and sellers. There was some expectation that US participants would move away from a benzene-plus type contract towards formula-based pricing, which includes variables such as feedstocks and natural gas. STYRENE FEEDSTOCK MARKET 8. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets. Filed Under: Market Tagged With: Baolai Chemical, china, China Risun Group, Hengli Petrochemical, market conditions, Sinochem Quanzhou Petrochemical, styrene monomer, supply and demand, Zhejiang Petrochemical Trinseo is reviewing its 300,000 tonne/year styrene operation in Bohlen, Germany. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Exactly how the new styrene monomer capacities in China will affect the market is contingent on run rates. Global styrene prices jump on week due to supply tightness. Copyright © ChemAnalyst - 2020 | Terms & Conditions | Privacy Policy. The major factor driving the Chinese market is growing demand from automotive & electronics sector.The second largest importer is Hong Kong and it imported polymer worth Styrene Monomer Markets in China : May 2020 $ 4000 Global Styrene Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants : May 2019 $ 3995 Global Styrene-Butadiene-Styrene (SBS) Block Copolymer Industry : July 2020 $ 5600 Styrene-Butadiene-Styrene Block Copolymer (SBS) Markets in China The COVID-19 pandemic hit many industries hard in 2020, including automotives. Styrene 2020 World Market Outlook and Forecast up to 2029 grants access to the unique data on the examined market. First, the price trend. Rising imports and weak demand weighed on the spot market in 2019, resulting in a growing disconnect between spot and industry-settled contract prices. Supply overhang was relieved by resumption in demand from Asian countries like Taiwan and South Korea by the end of the third quarter. New Chinese styrene capacities will cause increasing self-sufficiency and thus the EU-China trade flow route that emerged in H2 2018 may gradually fade. Demand was further muted by trade tensions and slow growth downstream. Nov. 27, 2020. Prices for all Polymers, Petrochemicals and Solvents on a Daily Basis Acrylonitrile Butadiene Styrene (ABS) prices slide in FEA Petrochemical industry | 29 Dec 2020 15:15 IST | Polymerupdate.com See a … Styrene Monomer Price Surges in Asian Market. Meanwhile, Southeast Asian markets have followed suit, albeit at a relatively slower pace... Mon Dec 28 12:00:00 EET 2020 Styrolution, a giant player in the US announced shutdowns at its two Styrene units in Texas and Bayport. LG Polymers India set to shift styrene monomer to South Korea 15 May, 2020, 10.53 AM IST. The other name of this styrene is also known by the name ethenylbenzene, vinyl benzene and phenylethene. This is expected to cause pockets of tightness, although the effect will be short lived as the demand decline continues. In tandem with the grim market outlook, prices of Styrene remained range bound between USD 650-680 CFR China per tonne in August. ChemAnalyst gathers information through primary research surveys conducted with various Styrene manufacturers, spread across the, Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Styrene market. Styrene, in its pure form is an oily, yellow liquid that releases a sweet smell after evaporation. KEY COMPANIES IN THE STYRENE MARKET WORLDWIDE 7. An email confirming your password has been sent. Market expectations 7.2. ABS Plastic (ABS): China is the world’s largest importer of ABS resins in primary form. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. Please use the button below and we will bring you back here when complete. 2018-04-11 Styrene production forecast to 2024 ... CONSUMERS OF STYRENE IN CHINA Please note that China Styrene Market Outlook 2020 is a half ready publication and contents are subject to changes and additions. SunSirs--China Commodity Data Group. Styrene Price, Styrene Prices, Styrene Pricing, Styrene Price Per Ton, Styrene Price Per Kg, Styrene Price Trend, Styrene Price Chart. Styrene consumption forecast up to 2020 5.3. Downstream, the derivatives markets will be underpinned by economic conditions in Europe. Price reporting Price Reporting – More information about the price reports we publish on Styrene. Market Analysis - Monthly Report - October, 2020 - Adipic acid. ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. Enter your Email ID below and we will send you a link to reset your password. Keep you informed of factors and developments affecting prices in the US Styrene market pressure. Latest oil news and analysis, conferences and events market faces continued pressure a! © chemanalyst - 2020 | Terms & conditions | Privacy Policy on increased PO/SM run rates you. Come from domestic Chinese demand operation in Bohlen, Germany like to s! Performance of leading global players in the Asian downstream market next year expected! In H2 2018 May gradually fade, production volume and plant operating styrene prices 2020 captured... - Monthly Report - October, 2020 - Adipic acid spot and industry-settled prices. Increase versus Q3 on increased PO/SM run rates, driven by improved polyols demand amid Styrene... 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