Styrene, identified by its chemical formula C8H8 and structural representation as CH2=CHC6H5, falls within the category of vinyls—a group of organic compounds characterized by double carbon bonds within their molecules. It exists as a liquid hydrocarbon crucial for its high propensity to undergo polymerization. In its pure state, styrene manifests as a clear, colorless, flammable liquid, boiling at 145°C and freezing at 30.6°C. Its significance lies in its use in manufacturing polystyrene, a major plastic, as well as various specialty plastics and synthetic rubbers.

The foremost styrene exporting nation globally is the United States, closely trailed by Saudi Arabia, 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 Prices, 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 significant global monomer, finding its way into an extensive array of applications through its polymers and copolymers. Its versatility lies in various sectors: from plastics production, latex paints, and coatings to the crafting of artificial rubbers, polyesters, and styrene-alkyd coatings. Its utility spans across construction, packaging, automotive industries, and household goods.

The realm of styrene's applications is vast. Resins incorporating styrene, particularly in foams, serve as crucial fillers and cushioning in packaging, marking the most extensive use of this product. Furthermore, styrene plays a pivotal role in construction, contributing to the manufacture of pipes, fittings, tanks, lighting fixtures, and corrosion-resistant items. Household items like synthetic marble, flooring, disposable tableware, and molded furnishings also heavily rely on styrene for their production.

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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