Intelligence, All Prices for both PE and PP resins were already on the rise before Hurricane Laura and then jumped in chunks over the past several weeks. It also includes Styrene-Maleic Anhydride Copolymer market channel, distributor, and customer analysis, manufacturing cost analysis, company profiles, market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other market studies. Access latest shipping news and analysis, conferences and events. Singapore —
There was some expectation that US participants would move away from a benzene-plus type contract towards formula-based pricing, which includes variables such as feedstocks and natural gas. Market Description. Slowing demand from the downstream markets since the fourth quarter may lead to lower operating rates to minimize losses and balance supply, sources said. Please contact the Client Services team. Updates, Macro - Exchange rates, GDP, Inflation rates, Industrial production, Planned and unplanned capacity investments & closures, Supply – Demand Overview – U.S and Europe. Following data collation, analysis and strategic review, the final report is published. "The window does not close, it is a constant arbitrage," a European producer said. Meanwhile, more storms are forming in the Atlantic, with at least one targeting the Gulf Coast. Rating. Enter your Email ID below and we will send you a link to reset your password. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. var _bdhmProtocol = (("https:" == document.location.protocol) ? " Other mature markets like US and Europe are expected to remain stagnant with no major capacity additions. An increasing discount between spot and contract European styrene prices could cause a fundamental change in the way contract volumes are priced, according to buyers and sellers. In the meantime, plant turnarounds, especially in Mainland China and Taiwan, over March and April, are expected to tighten Asian styrene supplies, providing price support. Total in 2019 closed a plant in Spain, while Styrolution convert a polystyrene line to ABS. North American producers have cost advantages via cheap ethylene, but sources said high-cost producers elsewhere could be forced to shut plants. We work with over 10,000 companies worldwide, including 400 of the Fortune 500. Capacity additions of ~5 MMT/YR was expected to come online by H2 2018 To H1 2019 however the delay in construction means these plants would be operational only by FY 2020. Access latest power news and analysis, conferences and events. The global automotive industry is expected to remain slow into 2020. To continue reading you must login or register with us. Insights, Procurement The PS market is estimated to grow at 3.4 percent during 2015-2022 driven by the steady demand for EPS resin in construction and HIPS /GPPS resin in packaging and electronics sector .China will propel the demand for HIPS/GPPS resin due to the growing demand in the Consumer electronics industry .This sector is expected to grow by 8-10% during the period 2015-2022 . Access latest agriculture news and analysis, conferences and events. Global demand for polystyrene will increase at a moderate annual growth rate of 2.4% over the period of 2017 to 2021. Exactly how the new styrene monomer capacities in China will affect the market is contingent on run rates. New Chinese styrene capacities will cause increasing self-sufficiency and thus the EU-China trade flow route that emerged in H2 2018 may gradually fade. While demand for ABS from the automotive is expected to be weak, from other sectors such as electronics and other household goods it is expected to remain stable. This is expected to cause pockets of tightness, although the effect will be short lived as the demand decline continues. Demand was further muted by trade tensions and slow growth downstream. Your registration is complete and your account is active. It’s free and easy to do. Many producers have readjusted production portfolios. Subscriber Notes can be received by Commodity Region, and Note Type. Downstream demand remains unclear as end users hold back amid volatile styrene prices. Supplier Financial Risk The start of Zhejiang Petrochemical's 1.2 million mt/year styrene plant and Hengli's 720,000 mt/year plant means supply will outpace demand growth, weighing on the market and adding to length. The global steel sector accounts for roughly 7% of the world’s CO2 emissions. Please use the button below and we will bring you back here when complete. Styrene : The styrene market is to be driven by the downstream usage from the PS market . China's styrene prices surge on lower inventory & active ... Styrene price hikes in anticipation of inventory decrease. Styrene Monomer Markets in China : May 2020 $ 4000 Global Styrene Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants : May 2019 $ 3995 Global Styrene-Butadiene-Styrene (SBS) Block Copolymer Industry : July 2020 $ 5600 Styrene-Butadiene-Styrene Block Copolymer (SBS) Markets in China Any improvement in the Asian downstream market next year is expected come from domestic Chinese demand. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Commodity Prices and Essential Market Data, Mediterranean Bunker Fuel Virtual Conference, Influence of Energy Transitions to Power Prices. Asian styrene established a downward trend in late 2019 and sank to a four-year low of $867/mt on November 11, on ample supply and bearish sentiment. Rising imports and weak demand weighed on the spot market in 2019, resulting in a growing disconnect between spot and industry-settled contract prices. Market European styrene is expected to remain long in 2020 as the market continues to get to grips with US imports, subdued downstream demand and new Chinese capacities. Espresso, About The ABS sector faced a difficult 2019 due to several factors: a slowdown in the automotive sector as well as weak end-user consumption underpinned by economic slowdown. The full impact of the new capacities is expected to be felt after the second quarter of 2020 when new capacities stabilize, leaving some buffer time for market participants to react. In response, buyers pushed for amendments to 2020 contract formulas to include more spot pricing elements, which they hope will lower their costs. Downstream, the derivatives markets will be underpinned by economic conditions in Europe. Access latest petrochemicals news and analysis, conferences and events. Receive daily email alerts, subscriber notes & personalize your experience. C16-C18 Fatty Acid & Alcohols (Oleochemical), Oleochemical (C12-C14 fatty acid & alcohols), With the purchase of the report, you also get, Upto 3 free content refreshes on the report over the next 12 months, Complimentary 12 month access to Beroe LiVE, the world’s largest procurement-only community, Ability to request for the report in .PPT format, Complimentary access to “Procurement Espresso” magazine, which has a reach of 50,000+ sourcing professionals, COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE (World Instant Risk Exposure). This could also result in more supply in the domestic market keeping the pressure on prices in the region. China, the largest importer of styrene in Asia, will significantly reduce its imports, with new supply slated to start in December and the first quarter of 2020, sources said. In the meantime, plant turnarounds, especially in Mainland China and Taiwan, over March and April, are expected to tighten Asian styrene supplies, providing price support. [Yes] I would like to receive S&P Global Platts promotional emails. The polystyrene market faces continued pressure from a shift away to other polymers deemed more recyclable. Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. Styrene : The styrene market is to be driven by the downstream usage from the PS market .