Highlights
In 2022, the expansion speed of China’s styrene capacity remains high. From January to August 2022, 2,880kt/a of new units have been put into operation, and there are still 3,100kt/a to be put into operation in the fourth quarter, of which 2,300kt/a will come on stream near December. It is conservatively estimated that there will be 3,680kt/a of new capacity in 2022, with a Y-O-Y growth rate of 25%.
Global inflation combined with international tension has led to a wide rise in crude oil prices. Brent crude oil price has risen from around $80/bbl to around $120/bbl in three months since the beginning of the year, with an increase of 50%. This has supported the styrene market from the cost side. At the same time, the tight supply of benzene in the first half of 2022 also supports the price of styrene. Despite the continuously increasing styrene capacity, the price of styrene has risen from around RMB 8,600/mt to around RMB 11,360/mt, with an increase of 32% supported by strong costs. In the following two months, the price of styrene falls consecutively, giving back all gains in the first half of 2022.
Under the background of extensive capacity expansion of the industrial chain, which industry has more advantages in development? How do the industrial chain and value chain change? Styrene exports are booming, can the future export prospects continue to be strong? How will the supply and demand of the global market be balanced? How are the upstream and downstream industrial chains linked and affected, how are they changing, and what are the driving forces behind the changes? The era of high profits for PO/SM process of integrated enterprises has passed, and how should industry players cope?
SCI provides dedicated coverage on prices and market trends with almost 20-year industrial chain data and industry experience. Styrene producers can optimize the industry chain by the access of supply and demand insights of the whole chain. Traders can stay profitable and secure investment opportunities by referencing price, supply-demand and price spread price assessments. End enterprises can optimize procurement scheme by SCI’s delivery of regional supply-demand dynamics.
Report value
1. In-depth and comprehensive analysis of the regional styrene supply-demand balance amid rapid capacity expansion
2. Changes in global and China’s trade flow
3. Analysis of the reallocation of profits along the industry chain
4. Comprehensive analysis of the price co-movement and changes in the price spread between upstream and downstream products to figure out impacts of cost and industry operation
5. Historical data of the past 5 years, supply and demand forecast for the next 5 years and price forecast for the next 3 years
Related Product Annual Reports
2022-2023 China Benzene Market Annual Report
2022-2023 China PS Market Annual Report
2022-2023 China ABS Market Annual Report
Contents
Part 1 Styrene Market Overview
Part 2 Styrene Supply-Demand Balance
2.1 2018-2022 China Styrene Supply-Demand Balance Analysis
2.2 2022 China Styrene Regional Supply-Demand Balance Analysis
Part 3 Styrene Supply Pattern and Change Analysis
3.1 2022 Global Styrene Capacity Analysis
3.1.1 Global Styrene Capacity by Region
3.1.2 Styrene Capacity in Global Main Countries
3.1.3 2022 Global Styrene Trade Flow Analysis
3.2 China Styrene Capacity Analysis
3.2.1 2018-2022 China Styrene Capacity Concentration Ratio Analysis
3.2.2 2018-2022 China Styrene Capacity Analysis by Region
3.2.3 2022 China Styrene Trade Flow Analysis
3.2.4 2022 China Styrene Matched Downstream Units
3.2.5 2023-2027 China Styrene Newly Added Capacity
3.3 China Styrene Output and Operating Rate Analysis
3.3.1 2018-2022 China Styrene Output and Operating Rate Analysis
3.3.2 2022 China Styrene Monthly Output and Operating Rate Analysis
3.4 China Styrene Import Market Analysis
3.4.1 2018-2022 China Styrene Import Data Analysis
3.4.1.1 2018-2022 Styrene Import Data by Origin
3.4.1.2 2018-2022 Styrene Import Data by Trade Mode
3.4.1.3 2018-2022 Styrene Import Data by Place of Receipt
3.4.2 2018-2022 Styrene Import Dependence Degree Analysis
3.4.3 2022 China Styrene Import Data Analysis
3.5 2022 Styrene Port Inventory Analysis
3.6 Styrene Storage and Logistics
3.7 2023 China Styrene Supply Forecast
Part 4 China Styrene Demand Pattern and Change Analysis
4.1 China Styrene Demand Change Analysis
4.1.1 2018-2022 China Styrene Consumption Volume Analysis
4.1.2 2018-2022 China Styrene Export Volume Analysis
4.1.3 2022 China Styrene Consumption Volume Analysis
4.1.4 2022 China Styrene Export Volume Analysis
4.1.5 2022 China Styrene Consumption Structure by Industry
4.1.6 2022 China Styrene Consumption Structure by Region
4.2 Major Styrene Downstream Industries Analysis
4.2.1 EPS Industry Analysis
4.2.2 PS Industry Analysis
4.2.3 ABS Industry Analysis
4.2.4 UPR Industry Analysis
4.2.5 SBS Industry Analysis
4.2.6 SBL Industry Analysis
4.2.7 SBR Industry Analysis
4.3 China Styrene Major Downstream Industry Customer Scale and Demand Analysis
4.3.1 China Styrene Major Downstream Industry Customer Scale
4.3.2 China Styrene Major Downstream Industry Customer Scale in Major Consumption Regions
4.4 2023-2027 China Styrene Downstream Demand Forecast
4.5 2023-2027 China Styrene Consumption Volume Forecast
4.6 Styrene Consumption Peak and Slack Seasons Analysis
4.7 Styrene Downstream Customer Key Procurement Factor Analysis
4.8 Operation Risk and Barrier Analysis
Part 5 Styrene Price Analysis
5.1 China Coastal Styrene Price Analysis
5.2 China Inland Styrene Price Analysis
5.3 Global Styrene Price Analysis
5.3.1 Europe and the U.S. Market Analysis
5.3.2 Asian Market Analysis
5.4 Related Product Co-Movement Analysis
5.4.1 Crude Oil and Jiangsu Styrene Spot Price Co-Movement Analysis
5.4.2 Benzene and Jiangsu Styrene Spot Price Co-Movement Analysis
5.4.3 Styrene Downstream Product and Jiangsu Styrene Price Co-Movement Analysis
5.5 Styrene Related Price Spread Analysis
5.5.1 Styrene Futures & Spot Price Spread and Paper & Spot Price Spread Analysis
5.5.2 China Styrene Regional Price Spread Analysis
5.5.3 Styrene Domestic and Overseas Price Spread Analysis
5.5.4 Styrene and Benzene Price Spread Analysis
Part 6 Styrene Market Outlook
6.1 2023-2025 Styrene Price Forecast
6.2 Major Price Drivers Analysis
6.2.1 Macro-Environment Analysis
6.2.2 National/Industrial Policy Analysis
6.2.3 Production Technology Comparison
6.2.3.1 Styrene Profitability by Different Technology
6.2.3.2 2023-2027 Styrene Production Technology Development Analysis
6.2.4 2023-2027 China Supply-Demand Balance Forecast
6.2.5 Styrene Market Competition Analysis
6.2.5.1 2023-2027 Global Styrene Trade Flow Forecast
6.2.5.2 2023-2027 China Styrene Trade Flow Forecast
6.2.6 Styrene Value Chain Analysis and Forecast
6.2.7 Related Product Price Co-Movement Forecast
6.3 2023 Major Price Drivers Influence Forecast
Appendix:
Appendix 1 Styrene Annual Events
Appendix 2 Methodology and Related Definition
Appendix 3 Tables & Charts
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