Styrene Price Chart, Historical and Forecast Analysis | Procurement Resource
Styrene, chemically represented as C8H8 with a structural formula CH2=CHC6H5, belongs to the vinyl group of chemical compounds characterized by organic molecules containing a double bond between two carbon atoms. This liquid hydrocarbon holds significant importance due to its high propensity for polymerization. Pure styrene manifests as a clear, colorless, and combustible liquid, with a boiling point of 145°C and a freezing point of 30.6°C. It serves as a crucial component in the production of polystyrene, a major plastic, as well as various specialty plastics and synthetic rubbers.
In global trade, the United States leads as the primary exporter of styrene, with Saudi Arabia following suit. On the other hand, China stands as the foremost importing country for styrene, reflecting the international dynamics of this essential chemical.
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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 pivotal monomer globally, finding extensive use in a diverse array of applications through its polymers and copolymers. Primarily, styrene is a cornerstone in the production of plastics, latex paints, coatings, synthetic rubbers, polyesters, and styrene-alkyd coatings. Its versatile applications span across construction, packaging, automotive, and household goods industries.
The broad spectrum of styrene’s utility encompasses various facets. Resins incorporating styrene, particularly foams, serve as essential fillers and cushioning materials in packaging, marking the largest usage of the product. Moreover, in construction, styrene is employed in diverse applications such as pipes, fittings, tanks, lighting fixtures, and corrosion-resistant products.
Household products also extensively utilize styrene, featuring in synthetic marble, flooring materials, disposable tableware, molded furnishings, and more. Its adaptability and properties make it an indispensable component across multiple industries, catering to a wide range of consumer and industrial needs.
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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