Member ID:
Stay logged in for 30 days
Pls change your password according to new rules.

login CCFGroup App

Insight | Time: Sep 20 2022 9:55AM  Editor:Michael Zhao
Styrene remains firm on tight supply-demand structure
Text size

Styrene monomer market remained firm in Sep with spot price in East China up from 9,200yuan/mt in early Sep to 9,750yuan/mt on Sep 19. The short squeeze continued despite weakening oil price.


In Sep, China's styrene imports are expected to recover to the highest level within this year. China domestic output will also recover with the restarts of New Solar & Yuhuang, and the run rate increase of ZRCC-Lyondell, CSPC and Hengli.


In downstream, operating rate has increased on improving profits on better demand, and the startups of new units are faster than anticipated, particularly EPS. In late Sep, Anqing Xingda, Leting Xintai and Yuandong Chengyi started EPS units in Sep. However, the startups of PS/ABS units were slow.


Downstream demand will keep good due to the preparation prior the National Day holidays. And overall supply-demand structure of styrene would be tight in short term. Meanwhile, positions in futures market has not reduced clearly despite the short squeeze in late Aug, which also lend supports to the market.


In Oct, styrene supply is expected to increase and downstream producers may shut units during the holidays. The supply and demand structure is expected to weaken. In Nov, China domestic will keep increase with the startups of Satellite, ZPC and Shandong Junchen with total capacity of 1.8 million mt/year.

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related Articles
Styrene monomer market daily (Dec 7, 2022)
Styrene inventory in East China main ports (Dec 7, 2021)
Styrene monomer market daily (Dec 6, 2022)
Styrene monomer market daily (Dec 5, 2022)
Styrene monomer market weekly (Nov 28-Dec 2, 2022)
Styrene monomer market daily (Dec 2, 2022)
Styrene monomer market daily (Dec 1, 2022)
Styrene monomer market daily (Nov 30, 2022)
Styrene inventory in East China main ports (Nov 30, 2021)
Styrene monomer market daily (Nov 29, 2022)
To "survive" become main short-term goal of chemical fiber ...
Imported cotton yarn becomes a hot potato: Will the market ...
Polyester market short-term trend and industrial ...
China home textile market operation analysis in H1, 2022
End-user demand changes before and after the COVID-19
Virgin and recycled PSF market operation under high costs ...