July contract prices for styrene in the United States rose 1.5 cents per pound (USD33 per tonne) amid rising prices for benzene raw materials, ICIS reports citing market participants.
Thus, July contract prices for styrene in the United States amounted to 55-60 cents per pound (USD1 210 – 1320 per ton).
Over the past two months, styrene prices in the US have been falling amid weak demand from the consumer sector and wide supply after two major manufacturers completed their planned repairs at the beginning of the year.
Styrene is the main raw material component for the production of polystyrene (PS).
According to ScanPlast of Market Report, the estimated consumption of PS and styrene plastics in Russia amounted to 248.26 thousand tons in the first half of 2019, which is 2% more than in 2018. Over the reporting period, PS consumption in the Russian Federation increased by 8% compared to June 2018 and amounted to 40.41 thousand tons (against 37.33 thousand tons in June 2018).
North American styrene manufacturers include AmSty, INEOS Styrolution, LyondellBasell Chemical, Pemex, Shell Chemicals Canada, Total Petrochemicals and Westlake Styrene.