Global Styrene market exhibits the inclining price trend in the global market in the light of brisk spot purchasing activities, improvement in the downstream derivative market and rise in buyer’s interest for the bulk purchases. Tightening supplies, low production rate among the ventures coupled with spiking freight rates have bolstered the sentiment to justify price hikes in the global market.
Styrene prices in the Asian region have exhibited an upward trajectory, with the spot market displaying greater bullishness with an increase in market trading fundamentals. This surge is attributed to restocking activities and decreased commodity availability stemming from issues in the Red Sea, prompting European producers to escalate local production efforts. Another contributing factor is the diminished supply of Styrene from the USA, as local manufacturers have entered the turnaround season in the Asian region. In the upstream sector, the Asian Styrene market has remained robust due...
