Styrene, with the chemical formula C8H8 and structural formula CH2=CHC6H5, belongs to a group of chemical compounds mainly characterised as vinyls, organic compounds with molecules containing a double bond between two carbon atoms. Styrene is a liquid hydrocarbon that is essential for its substantial inclination to undertake polymerisation. The pure form of styrene is a clear, colourless, combustible liquid that boils at a temperature of 145 °C and freezes at 30.6 °C. Styrene is utilised in the production of polystyrene, a significant plastic, and many speciality plastics and synthetic rubbers.
The United States is the leading styrene exporting country in the world, followed by Saudi Arabia, while China is the top styrene importing country.
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Key Details About the Styrene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Styrene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Styrene price trend, including India Styrene price, USA STYRENE price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
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Industrial Uses Impacting Styrene Price Trend:
Styrene is one of the significant monomers globally, and its polymers and copolymers are utilised in a broad range of applications. Styrene is primarily employed in the production of plastics, latex paints and coatings, artificial rubbers, polyesters, and styrene-alkyd coatings. Additionally, the wide spectrum of utilisations of styrene comprises construction, packaging, automotive and household goods. Moreover, styrene-comprising resins, specifically foams, are employed as fillers and cushioning in packaging, and it is the single largest usage of the product. Moreover, it is also used for construction applications, including pipes, fittings, tanks, lighting fixtures and corrosion-resistant products. Besides, household products such as synthetic marble, flooring, disposable tableware, and moulded furnishings, among others, also use styrene.
Key Players:
- LyondellBasell Industries Holdings B.V.
- Reliance Industries Limited
- Shell Chemicals
- Acros Organics
- Central Drug House
- SABIC
News & Recent Development
- April 11, 2023: Styrene spot prices have highly intensified since the start of April month after declining continuously. Because of the continuing supply chain concerns, strong upstream markets, and scarcity of import prospects, styrene prices have been increasing throughout Europe since the beginning of the current month. The demand for downstream commodities like Polystyrene (PS) and Acrylonitrile-Butadiene-Styrene (ABS) has grown substantially. As per the market pricing experts, Styrene CFR Hamburg prices in the first week of April were fixed at USD 1160 per metric tonne, a hike of 8.6% in the previous two weeks. The supply level is anticipated to be balanced after regaining capacity throughout Europe.
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