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During the first quarter of 2022, the Styrene demand in the North American market showcased robust momentum and escalated from USD 1406/ton FOB Texas in January to USD 1650/ton FOB Texas towards the end of the quarter. The escalation in the prices of Styrene in US market were accompanied by the soaring prices of crude oil as the consequences of war between Russia and Ukraine. Major producers spiked up the production cost which affected the Styrene market sentiments. The demand outlook from downstream packaging, automotive, rubber industries remained healthy.
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Styrene Price Trend and Forecast During the first quarter of 2022, the Styrene price in the North American market showcased robust momentum and escalated from USD 1406/ton FOB Texas in January to USD 1650/ton FOB Texas towards the end of the quarter. The escalation in the prices of Styrene in US market were accompanied by the soaring prices of crude oil as the consequences of war between Russia and Ukraine. Major producers spiked up the production cost which affected the Styrene market sentiments. The demand outlook from downstream packaging, automotive, rubber industries remained healthy, as a ripple effect, the prices of Styrene surged up in Q1 of 2022. https://www.chemanalyst.com/Pricing-data/styrene-38
The price of Styrene in the Asia-Pacific region The price of Styrene in the Asia-Pacific region followed the uptrend sentiments in Q1. Flourishing downstream industries, such as plastic rubber, disposable cups affected the market sentiments positively in the domestic market. The feed stock Benzene and Ethylene prices surged up accompanying crude oil prices. The outbreak of Omicron virus in China, forced the manufacturers to halt their production causing supply disruption in the Asia-Pacific market as major manufacturers have terminated their production temporarily. The prices of Styrene in January observed to be $1197/ton CFR Shanghai, China. https://www.chemanalyst.com/Pricing-data/styrene-38
In the first quarter of 2022, Styrene Demand showed growth in the European The demand outlook from downstream packaging, automotive, rubber industries remained healthy, as a ripple effect, the Demand of Styrene surged up in Q1 of 2022. In the first quarter of 2022, Styrene Demand showed growth in the European market due to hiked prices of upstream components, Benzene and Ethylene.
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