Styrene, denoted by the chemical formula C8H8 and the structure CH2=CHC6H5, falls within the category of vinyl compounds, characterized by molecules that possess a double bond between carbon atoms. It exists as a liquid hydrocarbon crucial for its notable tendency to undergo polymerization. Pure styrene appears as a clear, colorless, and flammable liquid, boiling at 145°C and freezing at 30.6°C. Its significance lies in its role in manufacturing polystyrene, a major plastic, along with various specialty plastics and synthetic rubbers.
On the global scale, the United States stands as the foremost exporter of styrene, trailed by Saudi Arabia, while China holds the position of the primary 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 as a pivotal monomer on a global scale, finding its way into a diverse array of applications through its polymers and copolymers. Its primary role lies in the creation of plastics, latex paints, coatings, synthetic rubbers, polyesters, and styrene-alkyd coatings. Beyond these, its versatile nature extends to construction, packaging, automotive components, and household items. Particularly noteworthy is its use in styrene-based resins, notably in foams that serve as packaging fillers and cushioning, marking the largest single application of this material. Additionally, styrene plays a crucial role in construction applications like pipes, fittings, tanks, lighting fixtures, and corrosion-resistant products. Furthermore, it's integral in the creation of household items such as synthetic marble, flooring, disposable tableware, and molded furnishings, among a variety of other uses.
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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