Any improvement in the Asian downstream market next year is expected come from domestic Chinese demand. Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. "The window does not close, it is a constant arbitrage," a European producer said. Global demand for polystyrene will increase at a moderate annual growth rate of 2.4% over the period of 2017 to 2021. We work with over 10,000 companies worldwide, including 400 of the Fortune 500. Total in 2019 closed a plant in Spain, while Styrolution convert a polystyrene line to ABS. Singapore — However, most Asian styrene producers are running at normal rates and sources said they expect rates to remain stable in 1H 2020, with a weak yet positive margin. US styrene prices are poised to remain under pressure amid lagging demand and a longer market in 2020 due to antidumping duties imposed by China on US material, which effectively eliminates arbitrage opportunities from the US to China. Following data collation, analysis and strategic review, the final report is published. 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. 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. https://" : " https://"); It’s free and easy to do. Access latest shipping news and analysis, conferences and events. The global Styrene Monomer (SM) market Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. 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. Styrene faces the challenge of new supply, sluggish demand in 2020, Market Movers Asia, Nov 23-27: Winter oil and gas demand, world-first rice derivatives launch in focus, UK's new gas charging regime putting 'severe pressure' on storage: Storengy, Fuel for Thought: Argentina puts fresh focus on developing Vaca Muerta, but concerns abound, Supply growth set to outpace global demand, Downstream demand weak amid economic uncertainty, Arbitrage opportunities from EU to Asia to fade. Styrene monomer market daily (Nov 11, 2020) Nov 11 2020 5:25PM : Styrene inventory in East China main ports (Nov 11, 2020) Nov 11 2020 2:34PM : Latest on the novel coronavirus outbreak (Nov 11, 2020) Nov 11 2020 11:10AM : China's October CPI up 0.5%: Nov 11 2020 8:47AM : … The Asian styrene monomer market is expected to see a longer supply-demand balance in the first half of 2020, due to rising capacity in China and slow demand from downstream markets. The global automotive industry is expected to remain slow into 2020. 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 . 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. 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. Meanwhile, more storms are forming in the Atlantic, with at least one targeting the Gulf Coast. North American producers have cost advantages via cheap ethylene, but sources said high-cost producers elsewhere could be forced to shut plants. Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Synthetic Rubber, Including Styrene-Butadiene Rubber (SBR) and Ethylene Propylene (WPU07110224) from Jun 2003 to Oct 2020 about synthetic, rubber, plastics, commodities, PPI, inflation, price index, price, indexes, and USA. This could also result in more supply in the domestic market keeping the pressure on prices in the region. This is expected to cause pockets of tightness, although the effect will be short lived as the demand decline continues. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Want a more detailed personalised report? Updates, Macro - Exchange rates, GDP, Inflation rates, Industrial production, Planned and unplanned capacity investments & closures, Supply – Demand Overview – U.S and Europe. 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. Access latest agriculture news and analysis, conferences and events. 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. Access latest oil news and analysis, conferences and events. In response, buyers pushed for amendments to 2020 contract formulas to include more spot pricing elements, which they hope will lower their costs. Exactly how the new styrene monomer capacities in China will affect the market is contingent on run rates. Enter your Email ID below and we will send you a link to reset your password. Pricing information. Supplier Financial Risk Access latest gas news and analysis, conferences and events. Access latest coal news and analysis, conferences and events. Access latest metal news and analysis, conferences and events. Espresso, About The global styrene market faces the challenge of new supply from Asia and sluggish downstream demand in 2020, according to market participants. 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.
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