amid heavy turnarounds. The Asian styrene monomer market is expected to see a longer supply-demand balance in the first half of 2020, due to rising capacity in China and slow demand from downstream markets. Spot styrene prices in Asia have fallen sharply in the last couple of weeks to reach their lowest levels since late January. The market turned very quiet this week ahead of IHS Markit recently released a report that there is no clear price rebound in the European styrene market due to the absence of a strong rebound in the Asian styrene market. European styrene spot prices have surged to the highest level since early September, according to S&P Global Platts data. The correlation with the price of crude oil over this later period is illustrated in second figure. Subscribers to our Commodity Price Database have access to Styrene Butadiene Rubber and as many as 217 other commodities prices across several countries from main world regions. Commodity News. We may make the supposition that a better correlation could be obatined from ethylene and benzene prices. On Monday, the spot price was assessed at $960/mt while the October contract price settled at $1,160/mt (Eur1,065/mt), a 17% discount. Good local demand, high price levels in Asia and a tighter domestic supply outlook were supporting the European styrene monomer complex. A better correlation is obtained for the relationship between styrene and mixed xylene. US, Asia and Europe styrene prices jumped This has pushed spot styrene prices slightly higher. See a sample below or register for free to see much more. At the beginning of October, spot prices were at $600/tonne, but less than six weeks later prices averaged $900/tonne on Tuesday as bids stood at $850/tonne and offers spiked to $950/tonne. We provide spot and forward price assessments for Oil, Natural Gas, Electric Power, Coal, Petrochemicals, Metals, and Agriculture markets, publishing over 12,000 prices daily. US styrene prices typically follow the direction of upstream benzene prices. 2. LONDON (ICIS)--Europe styrene spot prices have risen since the start of the month, on higher prices in Asia where demand has jumped after China prices surged after the National Day Golden Week holiday. March 2017 hit prices not seen in decades. Reference price of Styrene is 915.354USD/MT, down 1.54% from 929.698USD/MT on 2020-12-29. Member ID: password: Join Now! Intratec provides Butadiene pricing data, covering 13 years of historical prices and forecasts. Dr. Duncan Seddon, FRACI, CChem, MSPE, Duncan Seddon & Associates Pty Ltd. Download this page as PDF document [pdf] 0.2mb. Bulk Commodity Index. $2.11/gal, which was down by 69 cents from Please find more information on the cookies used on our site here. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. Intratec provides Acrylonitrile Butadiene Styrene pricing data, covering 13 years of historical prices and forecasts. From this we might deduce that for recent history, the underlying prce of styrene is detemined by the prevailing oil price. In passing we note that styrene, which shows relative high volatility, is silimar to para-xylene, which also shows high volatility, and shows a good correlation with crude oil (commentary âC6: The price of para and ortho-xyleneâ). 2017; prices from mid-February through early this month after falling for several weeks. The styrene spot price was assessed at $1,125/mt FOB ARA Monday, rising $43/mt on the day — the largest daily change since mid-March. averaging $2.17/gal in November. North American styrene producers include feedstock benzene contract prices settled at Intratec provides Styrene pricing data, covering 13 years of historical prices and forecasts. The European styrene market had been relatively calm last week despite … Fax: +613 9775 3385. The five- to 30-day forward spot price was assessed at $1,462/mt FOB ARA Tuesday, up $34/mt on the day, following an $80.50/mt jump on Monday. Petrochemicals and Westlake Styrene. Subscribers to our Commodity Price Database have access to Styrene Butadiene Latex and as many as 217 other commodities prices across several countries from main world regions. The price surge followed production problems for Total in France and planned maintenance … See a sample below or register for free to see much more. The report covers integrated styrene production, from naphtha and benzene feedstocks, and standalone styrene production, from ethylene and benzene feedstocks, using contract and spot models. The pressure could be seen as spot styrene values stood at a roughly 10.36% discount to the domestic formula-based price of $965/mt. Two styrene plants in the Netherlands readying for shutdowns Moerdijk Ellba, a JV between Shell and BASF, is set to shut its propylene oxide and styrene monomer plant (POSM) in Moerdijk, the Netherlands in September due to … The Monitor for China Styrene Prcies and China Styrene Daily Prices is provided by Sunsirs, China Commodity Data Group. Deep expertise from our analysts, combined with illustrative charts and summaries, provide you access to: Price summary including three month history and contract/spot prices Global Synthetic Rubber News. Initially, it was believed that once the Chinese market would be back from holidays, purchasing activity would be booming, pushing prices up both in Asia and in Europe. The first graph shows the reported spot price for styrene from 1989 to 2012. But this is not so with the correlation factor for the dependence on ethylene and benzene being below 0.6. Spot styrene prices in Europe fell below the $1000/ton FOB NWE threshold for the first time in two years and hit their lowest levels since October 2016 amid the continued weakness in the market sentiment. 2021 China Styrene Unit Turnarounds Schedule Dec 2020: Asking about price: Sample. The latest figures show that offers inched up by 0.15 cent/lb … by Pınar Polat After retreating from their multi-year highs in mid-December, import PE prices in China have continued to follow a stable to softer trend recently. HOUSTON (ICIS)--US styrene spot prices There is a lack of styrene spot in Europe due to healthy export demand to Asia and reduced imports from the US because of hurricanes in the Gulf Coast. As term contract price negotiations for next year begin, counterparties are looking to incorporate a greater spot component into their agreements. The styrene spot price was assessed at $1,019.50/mt FOB ARA Wednesday, soaring to its highest level since early July, as BASF shut its styrene monomer unit on Wednesday. The Northwest European styene spot price reached $1,125/mt on Monday, the highest since September 1, on continued production problems. Benzene & Styrene Global Monthly Market Overview. Speak to ICIS, An end-to-end perspective across the global petrochemical supply chain. Subscribers to our Commodity Price Database have access to Styrene and as many as 217 other commodities prices across several countries from main world regions. falling substantially in November, December SCI Styrene Market Weekly Report (Dec 11 - Dec 17, 2020) 1. It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. Global styrene prices appear have rebounded View the latest on our key price assessments across our commodity coverage. November. Historical, current and forecast prices, together with commentaries, to help you track price fluctuation and understand price drivers and trends. See a sample below or register for free to see much more. It was the lowest monthly settle subdued amid limited arbitrage opportunities. Friday at 42.63 ($940/tonne) cents/lb, FOB ICIS benzene spot prices averaged $1.93/gal during the first 13 days of December, after averaging $2.17/gal in November. The correlation is reasonable with a correlation factor (R2) of 0.81. Styrene is made from intermediates made from oil, so what is the impact of rising (or falling) oil price on the price of styrene? Prices in early 2018 cents/lb one week ago. Here is a simple analysis based on the published spot prices for Brent Crude (data from the US EIA) and styrene as reported by European Chemical News and ICIS Chemical Business from 1997 to 2012. China, the largest importer of styrene in Asia, will significantly reduce its imports, with new supply slated to start in December and the first quarter of 2020, sources said. This put styrene spot prices at a discount of $17.83, or 1.8%, to the styrene February CP of Eur925/mt ($1,004.83/mt), compared with a $131/mt discount at the beginning of the month. benzene prices and weakness in Asia. Prices By tracking 100 spot commodities' prices, SunSirs analyzes the price trends, and researches the relationship between macro economy and bulk commodities as well as development of commodities, companies and related industries. increased on Friday on stronger prices in Asia US November styrene contracts settled last week In addition to the persistently thin sentiment, lower crude oil futures and the globally decreasing prices contributed to the recent losses. China’s styrene spot market prices inched down in Jiangsu this week. The graph illustrates the volatility of styrene prices with many peaks showing a doubling of styrene price relative to a base level of about $800/t. and Europe, but overall activity remained Prices averaged $2.77/gal in October. Home. 2020-11-10 Market Analysis - Monthly Report - October, 2020 - Adipic acid Make fast and confident decisions and gauge the best time to buy or sell. Polymerupdate keeps a close eye on PS movements in the European market, which impacts markets worldwide. The first graph shows the reported spot price for styrene from 1989 to 2012. The conventional route involves the production of ethyl benzene from ethylene and benzene both of which show some correlation with the prevailing price of oil (see commentaries âC4: The impact of oil price on ethylene priceâ and âC5: The impact of oil price on the price of aromaticsâ). higher in 2017 and at the beginning of 2018 According to a source in Europe, the SM barge contract price was settled for the month of January 20... Polymerupdate News - European Styrene contract price settles for January +(91-22) 61772000 (25 Lines) At the same time, due to high styrene stocks in eastern China, global market conditions continue to be bearish. You can control cookies through your browser settings. Intratec provides Styrene Butadiene Rubber pricing data, covering 13 years of historical prices and forecasts. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. The ICIS styrene spot price was assessed on price since June 2016. Styrene news and market information products from ICIS. Styrene plant operation round-up (Dec 31, 2020) Jan 4 2021 8:25AM : Styrene monomer market weekly (Dec 28-31, 2020) Jan 4 2021 8:22AM : Styrene monomer market daily (Dec 31, 2020) Dec 31 2020 4:45PM : China-Europe freight train number via Xinjiang port hits new high: Dec 31 2020 4:04PM 100 Spot Commodities Price Chart is solely published by SunSirs to show prices and daily, monthly and quarterly changes. at an average decrease of 4 cents/lb from the The styrene inventory at main ports of East China will likely inch up, following intensive arrivals. Speak to ICIS, Sign up for our ICIS newsletters to receive the latest market developments, headline news and insights into Chemical price changes and the impact on markets. during the first 13 days of December, after This mostly resulted from lower downstream demand and the bearish sentiment further accelerated after the trade talks between the US and China hit an impasse earlier this month. averaged $2.77/gal in October. Asian benzene hits more than 2-year high on prompt China demand,... Renton Campoy-January 12, 2017. Easy access to a range of ICIS Chemical resources: ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. Download. ICIS benzene spot prices averaged $1.93/gal the upcoming holidays. The nexus between the price of oil and the price of styrene is of interest to participants in the petrochemical industry and most organisations have their own analysis. Intratec provides Styrene Butadiene Latex pricing data, covering 13 years of historical prices and forecasts. Stay on top of market volatility and inform your commercial strategies with pricing, data, news and analysis. Receive FREE market updates. AmSty, INEOS Styrolution, LyondellBasell did not quite reach the level that they did in on prices moving into January. Since 2000, there has been a steady rise in the styrene price. Meanwhile, the European spot price of benzene was assessed at $657.50/mt CIF ARA, putting the benzene-styrene spread at $362/mt — its widest since July 5 this year. Since 2000, there has been a steady rise in the styrene price. In the US, spot styrene prices posted only small gains on the week which was attributed to low buying interest and sufficient supply despite lower production rates of around 70% on the producers’ side. The start of Zhejiang Petrochemical's 1.2 million mt/year styrene plant and Hengli's 720,000 mt/year plant means supply will outpace demand growth, we… For most of February, the spot price … spot prices of ps - turkey region Polystyrene’s high quality, efficiency, and environment friendly features have made it a popular choice of raw material in most industries. Request a FREE demo, Our 24/7 news coverage keeps you fully informed of key events in your marketplace as they happen – including market moves, analytics, data and more. 0. The models track various market factors, including feedstock prices and business cash costs, giving you a better understanding of market dynamics. Wed Dec 23 12:00:00 EET 2020 LONDON (ICIS)–European styrene spot prices have fallen further this week despite expectations that values would be firming following the Golden Week holiday in China, sources said on Friday.. 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 Price Reporting – More information about the price reports we publish on Styrene previous month on the back of lower feedstock Subscribers to our Commodity Price Database have access to Butadiene and as many as 217 other commodities prices across several countries from main world regions. Though styrene prices were expected to remain under pressure, production costs were likely to fall as well with an expected decline in the November benzene contract. (free on board) US, up from 41.27-42.18