Current Position: Homepage > 2017 Nov Styrene Market Monthly Report

2017 Nov Styrene Market Monthly Report

Annual Report Overview

Jiangsu (East China): Jiangsu styrene market prices fluctuated within the range of RMB 9,850-10,650/mt in November 2017. The monthly average price was RMB 10,348/mt, up 5.37% month on month. The styrene price increased noticeably in November. Driven by the increase of crude oil price, commodity price and USD price in the futures market, offers from Huaxicun Commodity Contracts Exchange soared. Later, styrene stocks at main ports in East China decreased dramatically. The tight supply of spot styrene continued. The overhaul of the styrene units at Changzhou New Solar Chemical at the end of November intensified the supply and uplifted the styrene price. In November, offers from Huaxicun Commodity Contracts Exchange soared. Later, styrene stocks at main ports in East China decreased dramatically. The tight supply of spot styrene continued. The overhaul of the styrene units at Changzhou New Solar Chemical at the end of November intensified the supply and uplifted the styrene price. In November, offers from Huaxicun Commodity Contracts Exchange soared, and strongly uplifted the spot styrene price. The actual operation time of soda ash industry was not settled. The anti-dumping policy against imported styrene from South Korea, Taiwan Area and U.S. was carried out. As a result, the import volume decreased, and the tight supply continued. In H1 November, the styrene price increased to RMB 10,650/mt. Later, the styrene market gradually entered the slack season in H2 November, and the styrene price hovered at RMB 10,600-10,700/mt.

Legal Statement

1. The information contained in this report is for reference only.
2. This report is the property of SCI. No legal entity or individual is allowed to copy, publish, broadcast, or distribute any or all of the content of this report to any third party or public by any means. Copyright violation is a serious offence. Any distribution or forwarding of information that is not expressly permitted by your subscription agreement is a copyright violation.
3. SCI bears no legal responsibility for the risks and losses incurred by using this report.
For more information about multiple subscriptions and licenses to this report or any other product reports, please email to overseas.sales@sci99.com or call 86-533-6296499.