US styrene prices typically follow the Prices in early 2018 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. averaged $2.77/gal in October. amid heavy turnarounds. 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 “C6: The price of para and ortho-xylene”). Prices averaged $2.77/gal in October. benzene prices and weakness in Asia. See a … 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. Contact: mail@duncanseddon.com Dr. Duncan Seddon, FRACI, CChem, MSPE, Duncan Seddon & Associates Pty Ltd. Download this page as PDF document [pdf] 0.2mb. It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. ICIS benzene spot prices averaged $1.93/gal during the first 13 days of December, after averaging $2.17/gal in November. We may make the supposition that a better correlation could be obatined from ethylene and benzene prices. The price drop was on the back of weaker regional dema... Polymerupdate News - Styrene monomer (SM) prices drift lower in Europe +(91-22) 61772000 (25 Lines) Please find more information on the cookies used on our site here. In addition to the persistently thin sentiment, lower crude oil futures and the globally decreasing prices contributed to the recent losses. Polymerupdate keeps a close eye on PS movements in the European market, which impacts markets worldwide. China’s styrene spot market prices inched down in Jiangsu this week. Commodity News. 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. 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. 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. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. Make fast and confident decisions and gauge the best time to buy or sell. You can control cookies through your browser settings. Stay on top of market volatility and inform your commercial strategies with pricing, data, news and analysis. 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. 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 Nov 2020 about synthetic, rubber, plastics, commodities, PPI, inflation, price index, price, indexes, and USA. 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 … cents/lb one week ago. 2021 China Styrene Unit Turnarounds Schedule Dec 2020: Asking about price: Sample. Good local demand, high price levels in Asia and a tighter domestic supply outlook were supporting the European styrene monomer complex. After Intratec provides Butadiene pricing data, covering 13 years of historical prices and forecasts. 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. HOUSTON (ICIS)--US styrene spot prices 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. 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. This has pushed spot styrene prices slightly higher. ICIS benzene spot prices averaged $1.93/gal But this is not so with the correlation factor for the dependence on ethylene and benzene being below 0.6. It was the lowest monthly settle at an average decrease of 4 cents/lb from the Subscribers to our Commodity Price Database have access to Acrylonitrile Butadiene Styrene and as many as 217 other commodities prices across several countries from main world regions. 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. At the same time, due to high styrene stocks in eastern China, global market conditions continue to be bearish. 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 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. 0. Fax: +613 9775 3385. Receive FREE market updates. See a sample below or register for free to see much more. 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. 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… 2020-11-10 Market Analysis - Monthly Report - October, 2020 - Adipic acid See a … the upcoming holidays. 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. The ICIS styrene spot price was assessed on Friday at 42.63 ($940/tonne) cents/lb, FOB (free … Since 2000, there has been a steady rise in the styrene price. The market turned very quiet this week ahead of 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. Global Synthetic Rubber News. A better correlation is obtained for the relationship between styrene and mixed xylene. AmSty, INEOS Styrolution, LyondellBasell Download. $2.11/gal, which was down by 69 cents from Intratec provides Styrene pricing data, covering 13 years of historical prices and forecasts. The correlation with the price of crude oil over this later period is illustrated in second figure. 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. 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 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. 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 “C4: The impact of oil price on ethylene price” and “C5: The impact of oil price on the price of aromatics”). The correlation is reasonable with a correlation factor (R2) of 0.81. Our global overview provides analysis on the short- to medium-term aspects of the benzene and styrene industry. Prices 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. 9775 3385 for next year begin, counterparties are looking to incorporate a greater spot component into agreements! Prices averaged $ 1.93/gal during the first graph shows the reported spot price … intratec provides styrene Latex... Was the lowest monthly settle price since June 2016 time, due high... 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