Styrene, characterized by the chemical formula C8H8 and structural formula CH2=CHC6H5, is part of the vinyl group, which consists of organic compounds featuring a double bond between two carbon atoms. It is a liquid hydrocarbon crucial for its notable propensity for polymerization. In its pure state, styrene is a clear, colorless, flammable liquid with a boiling point of 145 °C and a freezing point of 30.6 °C. Styrene plays a key role in the production of polystyrene, a significant plastic, as well as various specialty plastics and synthetic rubbers.
The United States stands as the primary exporter of styrene globally, with Saudi Arabia following closely behind. Meanwhile, China holds the position of the leading importer of styrene.
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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.
Industrial Uses Impacting Styrene Price Trend:
Styrene stands out as a significant global monomer, finding extensive applications in various polymers and copolymers. Its primary use lies in the manufacturing of plastics, latex paints, coatings, artificial rubbers, polyesters, and styrene-alkyd coatings. Beyond these, styrene plays a crucial role in diverse sectors such as construction, packaging, automotive, and household goods. The versatile applications of styrene include the production of resins, particularly foams, which serve as fillers and cushioning in packaging—this stands as the largest single application of the product. Additionally, styrene contributes to construction needs, featuring in items like pipes, fittings, tanks, lighting fixtures, and corrosion-resistant products. Furthermore, it extends its influence to household products like synthetic marble, flooring, disposable tableware, and molded furnishings, among other uses.
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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