Styrene, known by its chemical formula C8H8 and structural makeup CH2=CHC6H5, is classified among vinyls—a group of compounds featuring double bonds between carbon atoms. It’s a liquid hydrocarbon crucial for its strong tendency to undergo polymerization. Pure styrene appears as a clear, colorless, flammable liquid, boiling at 145°C and freezing at 30.6°C. Its significance lies in its role in producing polystyrene, a major plastic, as well as various specialty plastics and synthetic rubbers.
The United States leads the world in styrene exports, followed by Saudi Arabia, while China stands as the foremost importer of this compound.
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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 out as a crucial monomer globally, finding its way into a diverse array of applications through its polymers and copolymers. It serves as a key ingredient in producing plastics, latex paints, coatings, artificial rubbers, polyesters, and styrene-alkyd coatings. Its versatility extends to various sectors like construction, packaging, automotive, and household items. The resin forms containing styrene, especially in foams, serve as essential fillers and cushioning in packaging, representing the largest use of this product. Moreover, its presence extends to construction needs such as pipes, fittings, tanks, lighting fixtures, and corrosion-resistant items. Household goods like synthetic marble, flooring, disposable tableware, and molded furnishings also harness the potential of styrene in 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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