Styrene Prices Overview

Market Overview

Quarterly Update on Global Styrene Market
For the Quarter Ending September 2020
Ample inventories of Styrene in China amidst its bearish offtakes kept its market fundamentals under shadow in the Southeast Asian market. To balance the narrowed demand and supply gap, several manufacturers like SP Chemical and Abel Chemical implemented an abrupt turnaround in Styrene manufacturing units. Although the regional fundamentals relatively improved but inventory levels in China did not witness a prominent change as several producers kept operating above 80% under market competency.  In tandem with the grim market outlook, prices of Styrene remained range bound between USD 650-680 CFR China per tonne in August. With the demand for Polystyrene and ABS normalizing by the end of quarter, standalone Styrene producers were the only ones weighed by heavy loss. Furthermore, demand fundamentals in Northeast Asia also revived with improvement in downstream consumption and prolonged import delays from overseas.
Spate of planned turnarounds since the end of August in several manufacturing and downstream companies contributed well to normalize the demand supply fundamentals in the European region. Producers were heard operating at reduced rates to restrain from any loss due to market volatility. Consumption of downstream derivatives like ABS and SAN considerably improved on the backdrop of pickup in demand for automotive, electronics, consumer appliances and furniture in September. 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.
North America

Supply of Styrene in North America was observed to be adequate despite several maintenance turnarounds and forced outages amidst fears of series of seasonal hurricanes. Styrolution, a giant player in the US announced shutdowns at its two Styrene units in Texas and Bayport. Furthermore, turnarounds at derivative Polystyrene and SBR (Styrene Butadiene Rubber) plants weighed on its demand fundamentals in the second half of the third quarter. Amidst all this, gradual pick-up in demand for Styrene from the automotive sector provided a ray of hope on its overall demand fundamentals. Supply overhang was relieved by resumption in demand from Asian countries like Taiwan and South Korea by the end of the third quarter.

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Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. 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.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.


ChemAnalyst gathers information through primary research surveys conducted with various Styrene manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Styrene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Styrene market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Styrene are analyzed and region-wise demand pattern is tracked.


Styrene, in its pure form is an oily, yellow liquid that releases a sweet smell after evaporation. It is highly combustive in nature, as it forms dangerous explosives, its exposure to heat, oxidants and flames is restricted. Styrene is commercially produced by alkylation of Benzene with Ethylene. In the process, Ethylbenzene is formed as an intermediate which is further dehydrogenated to form Styrene. Styrene is also produced as a coproduct by reacting Propylene Oxide (PO) within POSM (Propylene Oxide/Styrene Monomer) units. The POSM manufacturing method is widely popular in Europe. Styrene can undergo polymerization via a several methods to produce copolymers and homopolymers like Styrene Butadiene Rubber (SBR), Polystyrene (PS) and other unsaturated polyester resins.