Styrene, characterized by the chemical formula C8H8 and structural formula CH2=CHC6H5, is a member of the vinyl group, which consists of organic compounds featuring a double bond between two carbon atoms. This liquid hydrocarbon is crucial due to its pronounced propensity for polymerization. In its pure state, styrene is a transparent, 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 major plastic, as well as various specialty plastics and synthetic rubbers.
The United States leads the world in styrene exports, with Saudi Arabia following closely behind, while China stands as the primary 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 Trends, 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 through its polymers and copolymers. Its primary role lies in the production of plastics, latex paints, coatings, artificial rubbers, polyesters, and styrene-alkyd coatings. The versatile nature of styrene extends its influence across various sectors, including construction, packaging, automotive, and household goods. Notably, styrene-based resins, particularly foams, serve as fillers and cushioning in packaging, marking the largest usage of the product. Additionally, styrene plays a crucial role in construction applications, contributing to the manufacturing of pipes, fittings, tanks, lighting fixtures, and corrosion-resistant products. Its presence is also prominent in household items like synthetic marble, flooring, disposable tableware, and molded furnishings.
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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