Please use the button below and we will bring you back here when complete. Nov 21, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." 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. China ICP License: 浙B2-20110322-3 var _bdhmProtocol = (("https:" == document.location.protocol) ? " Global demand for polystyrene will increase at a moderate annual growth rate of 2.4% over the period of 2017 to 2021. The trade wars between China and US have resulted in tariffs imposed by the Chinese government on US imports .Suppliers in the region are likely to cater to regions like Europe. Market Description. "The window does not close, it is a constant arbitrage," a European producer said. -- Edited by Jonathan Fox, jonathan.fox@spglobal.com. Next year marks the penultimate year before the European ban on single-use plastics is implemented, with many end users seeking PP, PE and PET. Actionable intelligence, a key to procurement advantage, Get a view of commodity specific market conditions, A compass of Procurement's Competitive Performance, Enabling Procurement to help departments stay competitive, A platform for organizations to assess their suppliers, Buy Report $349 (Current Month), Buy Report $1,199 (Annual), Complimentary 12-month access to Beroe LiVE. It’s free and easy to do. Rating. Receive daily email alerts, subscriber notes & personalize your experience. Rising imports and weak demand weighed on the spot market in 2019, resulting in a growing disconnect between spot and industry-settled contract prices. While demand for general purpose polystyrene continues to decline, extruded polystyrene (XPS) demand is set to be healthy. New Chinese styrene capacities will cause increasing self-sufficiency and thus the EU-China trade flow route that emerged in H2 2018 may gradually fade. To continue reading you must login or register with us. Singapore — Pricing information. The global styrene market faces the challenge of new supply from Asia and sluggish downstream demand in 2020, according to market participants. Your registration is complete and your account is active. Following data collation, analysis and strategic review, the final report is published. Beroe, News & ICIS offers reports on over 180 commodities across the … 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. Enter your Email ID below and we will send you a link to reset your password. Other important applications of styrene in the global market include production of acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, styrene-butadiene (SB) copolymer latexes and unsaturated polyester. If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. This could also result in more supply in the domestic market keeping the pressure on prices in the region. Want a more detailed personalised report? An email confirming your password has been sent. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Commodity Prices and Essential Market Data, Mediterranean Bunker Fuel Virtual Conference, Influence of Energy Transitions to Power Prices. Access latest shipping news and analysis, conferences and events. Given the rise in demand from China the country is facing major capacity additions for styrene in the upcoming years . Downstream demand remains unclear as end users hold back amid volatile styrene prices. China, the largest importer of styrene in Asia, will significantly reduce its imports, with new supply slated to start in December and the first quarter of 2020, sources said. All rights reserved. Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. 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. The global steel sector accounts for roughly 7% of the world’s CO2 emissions. 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. European styrene is expected to remain long in 2020 as the market continues to get to grips with US imports, subdued downstream demand and new Chinese capacities. Market Concerns over global uncertainties, especially US-Chinese trade tensions, also cast a shadow over Asian acrylonitrile-butadiene-styrene (ABS) and polystyrene. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. C16-C18 Fatty Acid & Alcohols (Oleochemical), Oleochemical (C12-C14 fatty acid & alcohols), With the purchase of the report, you also get, Upto 3 free content refreshes on the report over the next 12 months, Complimentary 12 month access to Beroe LiVE, the world’s largest procurement-only community, Ability to request for the report in .PPT format, Complimentary access to “Procurement Espresso” magazine, which has a reach of 50,000+ sourcing professionals, COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE (World Instant Risk Exposure). Updates, Macro - Exchange rates, GDP, Inflation rates, Industrial production, Planned and unplanned capacity investments & closures, Supply – Demand Overview – U.S and Europe. There was some expectation that US participants would move away from a benzene-plus type contract towards formula-based pricing, which includes variables such as feedstocks and natural gas. © Copyright © 2020 Beroe. Each section of the research study is specially prepared to explore key aspects of the Styrene Monomer (SM) market. Access latest coal news and analysis, conferences and events. Access latest metal news and analysis, conferences and events.