Press release
Styrene Prices, Trends, Chart, Index, Price Fluctuations and Forecast
The industrial styrene market in China has shown a steady upward trend in prices from October to December 2024 compared to the same period in 2023. This gradual increase can be attributed to a stable balance between demand and input costs, as well as a cautiously optimistic industrial outlook.
In October 2024, the price of styrene stood at 1260 USD/TON, marking a 4.1% year-on-year (YoY) increase from 1210 USD/TON in October 2023. This rise suggests improved downstream consumption and a steady supply chain.
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The trend continued into November, where prices rose from 1200 USD/TON in 2023 to 1235 USD/TON in 2024, reflecting a 2.9% YoY increase. This moderate hike points to consistent market demand, particularly from industries such as packaging, automotive, and construction.
By December, styrene prices further edged up to 1215 USD/TON, compared to 1175 USD/TON a year earlier-an increase of 3.4% YoY. The slight fluctuation in prices over these months indicates that while the market faced some volatility, overall pricing remained under control due to stable raw material costs and sustained demand from end-use sectors.
According to Expert Market Research's forecast for 2025, styrene prices are likely to witness moderate gains, underpinned by a balanced demand outlook and input cost stability. While significant spikes are not anticipated, market fundamentals suggest gradual upward momentum.
In conclusion, the styrene industry in China is experiencing a phase of controlled growth, supported by consistent industrial consumption and well-managed supply dynamics. Stakeholders in the chemical and manufacturing sectors should monitor feedstock trends and policy shifts in China, which may influence the pricing direction into 2025.
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Global Styrene Trade Overview: Key Exporters, Importers, and Suppliers
Leading Exporting Countries
The global styrene market is dominated by several key exporting nations. The United States is a top exporter, thanks to its well-established petrochemical infrastructure. Other major exporters include Saudi Arabia, the Netherlands, Singapore, Canada, Spain, China, and Japan. These countries benefit from access to raw materials and advanced production capabilities, making them vital players in global styrene supply.
Top Importing Countries
On the other end of the trade spectrum, India leads as one of the largest importers of styrene, followed by China, South Korea, the Netherlands, Turkey, Germany, the USA, and Mexico. The rising demand for styrene-based polymers in these countries, particularly in the packaging, automotive, and electronics sectors, is fueling import growth.
Major Global Suppliers
Several international suppliers are instrumental in maintaining the global supply of styrene. Prominent names include:
• INEOS Styrolution (Germany)
• Shell Global (Netherlands)
• LyondellBasell Industries (Netherlands)
• SABIC - Saudi Basic Industries Corporation (Saudi Arabia)
• Westlake Corporation (USA)
• Americas Styrenics (AmSty) (USA)
• ELLBA, a joint venture of Shell and BASF (Netherlands)
• SIBUR (Moscow)
These companies are recognized for their technological innovation, large-scale production, and strong international presence.
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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices
How Claight Corporation (Expert Market Research) Database Can Help
The latest report by Expert Market Research, "Styrene Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for styrene. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.
Drawing from in-depth research, the report analyses the primary factors influencing styrene prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.
Contact us:
Claight Corporation (Expert Market Research)
30 North Gould Street, Sheridan, WY 82801, USA
Email: sales@expertmarketresearch.com
Tel No: (D) +91-723-689-1189
United States:+1-415-325-5166
About Claight Corporation (Expert Market Research):
Expert Market Research is a leading provider of syndicated and custom market intelligence, supporting clients with strategic insights across a broad range of industries. The firm delivers end-to-end research services including demand-supply assessments, pricing and cost analysis (including regional spot prices), feasibility studies, regulatory mapping, and competitive benchmarking. Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.
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