Styrene, noted by its chemical formula C8H8 and structural form CH2=CHC6H5, falls within the vinyl group of chemical compounds. These compounds feature double carbon bonds within their molecular structure. Styrene itself, a liquid hydrocarbon, is pivotal due to its strong propensity for polymerization. In its purest state, styrene presents as a clear, colorless, flammable liquid with a boiling point of 145°C and a freezing point of 30.6°C. Its significance lies in its role in producing polystyrene, a major plastic, along with 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 leads as the foremost 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 as a key monomer on a global scale, finding extensive use in various polymers and copolymers across multiple industries. Its applications span a wide spectrum, from plastics manufacturing to latex paints, coatings, synthetic rubbers, polyesters, and styrene-alkyd coatings. Its versatility extends further to diverse sectors including construction, packaging, automotive, and household products. Notably, styrene-based resins, particularly in foam forms, play a pivotal role as fillers and cushioning materials in packaging, representing the largest application for this product. Moreover, it serves in construction for items like pipes, fittings, tanks, lighting fixtures, and corrosion-resistant goods. In the realm of household items, styrene contributes to synthetic marble, flooring, disposable tableware, molded furnishings, and various other everyday products.
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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