Spot Price. falling substantially in November, December Bulk Commodity Index. 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. We may make the supposition that a better correlation could be obatined from ethylene and benzene prices. 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. Wed Dec 23 12:00:00 EET 2020 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. 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. The ICIS styrene spot price was assessed on Friday at 42.63 ($940/tonne) cents/lb, FOB (free … See a sample below or register for free to see much more. Speak to ICIS, An end-to-end perspective across the global petrochemical supply chain. Dr. Duncan Seddon, FRACI, CChem, MSPE, Duncan Seddon & Associates Pty Ltd. Download this page as PDF document [pdf] 0.2mb. 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. Intratec provides Styrene Butadiene Rubber pricing data, covering 13 years of historical prices and forecasts. the upcoming holidays. This has pushed spot styrene prices slightly higher. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. From this we might deduce that for recent history, the underlying prce of styrene is detemined by the prevailing oil price. SCI Styrene Market Weekly Report (Dec 11 - Dec 17, 2020) 1. 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. 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. The first graph shows the reported spot price for styrene from 1989 to 2012. After benzene prices and weakness in Asia. Global Synthetic Rubber News. 2. Fax: +613 9775 3385. It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. subdued amid limited arbitrage opportunities. 0. 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. Please find more information on the cookies used on our site here. Intratec provides Butadiene 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. November. March 2017 hit prices not seen in decades. 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. 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) 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. Spot styrene prices in Asia have fallen sharply in the last couple of weeks to reach their lowest levels since late January. 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. Upcoming turnarounds in key regions, some 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. feedstock benzene contract prices settled at China’s styrene spot market prices inched down in Jiangsu this week. ICIS benzene spot prices averaged $1.93/gal during the first 13 days of December, after averaging $2.17/gal in November. 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). HOUSTON (ICIS)--US styrene spot prices 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. US, Asia and Europe styrene prices jumped The Northwest European styene spot price reached $1,125/mt on Monday, the highest since September 1, on continued production problems. 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 The ICIS styrene spot price was assessed on on prices moving into January. Benzene & Styrene Global Monthly Market Overview. Intratec provides Styrene pricing data, covering 13 years of historical prices and forecasts. 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. Prices in early 2018 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. 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 correlation with the price of crude oil over this later period is illustrated in second figure. during the first 13 days of December, after price since June 2016. The correlation is reasonable with a correlation factor (R2) of 0.81. at an average decrease of 4 cents/lb from the Prices Petrochemicals and Westlake Styrene. Styrene news and market information products from ICIS. A better correlation is obtained for the relationship between styrene and mixed xylene. You can control cookies through your browser settings. 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 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. 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. US November styrene contracts settled last week increased on Friday on stronger prices in Asia Easy access to a range of ICIS Chemical resources: ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. Since 2000, there has been a steady rise in the styrene price. The European styrene market had been relatively calm last week despite … 100 Spot Commodities Price Chart is solely published by SunSirs to show prices and daily, monthly and quarterly changes. $2.11/gal, which was down by 69 cents from The price surge followed production problems for Total in France and planned maintenance … 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. 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. Chemical, Pemex, Shell Chemicals Canada, Total Commodity News. 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. Good local demand, high price levels in Asia and a tighter domestic supply outlook were supporting the European styrene monomer complex. Home. It was the lowest monthly settle Historical, current and forecast prices, together with commentaries, to help you track price fluctuation and understand price drivers and trends. AmSty, INEOS Styrolution, LyondellBasell 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 … 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. Intratec provides Styrene Butadiene Latex pricing data, covering 13 years of historical prices and forecasts. 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. ICIS benzene spot prices averaged $1.93/gal Download. 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. The styrene inventory at main ports of East China will likely inch up, following intensive arrivals. 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. 2021 China Styrene Unit Turnarounds Schedule Dec 2020: Asking about price: Sample. European styrene spot prices have surged to the highest level since early September, according to S&P Global Platts data. Asian benzene hits more than 2-year high on prompt China demand,... Renton Campoy-January 12, 2017. Receive FREE market updates. Make fast and confident decisions and gauge the best time to buy or sell. did not quite reach the level that they did in See a … North American styrene producers include and Europe, but overall activity remained 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… 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. 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) SunSirs--China Commodity Data Group. As term contract price negotiations for next year begin, counterparties are looking to incorporate a greater spot component into their agreements. averaged $2.77/gal in October. averaging $2.17/gal in November. this month after falling for several weeks. The latest figures show that offers inched up by 0.15 cent/lb … Polymerupdate keeps a close eye on PS movements in the European market, which impacts markets worldwide. See a sample below or register for free to see much more. The models track various market factors, including feedstock prices and business cash costs, giving you a better understanding of market dynamics. In addition to the persistently thin sentiment, lower crude oil futures and the globally decreasing prices contributed to the recent losses. 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