Styrene Prices in China Witness Fluctuations Amid Changing Dynamics in January 2025

Styrene Prices in China Witness Fluctuations Amid Changing Dynamics in January 2025

 

The Chinese Styrene market in January 2025 has seen mixed price movements, with weekly trends showing changing market dynamics. Asper the market assessment by ChemAnalyst, during the third week, styrene prices rose slighty by 19%. This folowed a sharp drop of about 3%In the previous week, prior to which the prices remained stable. This rebound indicates a cautious recovery amidst fluctuating marketconditions.

The decline in styrene prices ealier in the month is due to increased supply in the domestic market. increasing inventory levels at key portsfurther intensifed the situation, Market participants reported an accumulation of significant volumes of Styrene inventory at East China's main

ports by the first week of this monthStyrene price decrease is further driven by the restart of maior production units, such as Zhelang Petroleum & Chemicals 600.000-toncapacity units. The resumption of operations has added to the markets excess supply, pressuring prices downward. in addition, bearishdemand from downstream industries, particulanly Acryionitrile Butadiene Styrene (ABs), has imited recovery prospects for Styrene prices thismonth.

Despite these conditions, the reduction in prices have increased some restocking demand ahead of the lunar New Year celebrations. radersand manufacturers are taking advantage of this opportunity to secure raw materals at reasonable costs. this has provded limited support toStyrene prices. Expanded Polystyrene (EPs) and Polystyrene (Ps) sectors have shown moderate growth in production rates, offering a sigh oihope for the market.

In contrast, downstream performance in the ABs segment remains average, with cautious buying sentiment prevaling. Many industryparticipants are holding back due to uncertainty in global economic conditions. Rising energy costs have also impacted production andprofitability, adding to the challenges faced by the market.

 

In contrast, downstream performance in the ABs segment remains average, with cautious buying sentiment prevaling. Many industryparticipants are holding back due to uncertainty in global economic conditions. Rising energy costs have also impacted production and

profitability, adding to the challenges faced by the market.Looking forward, Styrene prices in China are expected to stabiize in the near future, with market participants anticipating a moderaterecovery, This depends on downstream demand and inventory adlustments, As the Lunar New Year approaches, deand fluctuatons couldfurther infuence the market raiectory,External factors such as feedstock availabiity and alobal market trends will also play a sionificant role inshaping Styrene price movements in the coming months.

January 2025 is a challenging period for the Chinese Styrene market. Forecasts by ChemAnalyst indicate potential recovery in the monthsahead, with prices expected to rise modestly by february by almost 2%. increased downstream demand, particularly from the packaging andautomobile sectors, and a gradual reduction in inventory levels at major ports wil drive this trend. By March and April, tightening globalStyrene supplies and higher feedstock costs could further support price increases. Market paricipants should monitor changing global supphchain dynamics and adjust strategies to benefit from the expected demand growth in the months to come.


https://www.chemanalyst.com/NewsAndDeals/NewsDetails/styrene-prices-in-china-witness-fluctuations-amid-changing-dynamics-in-january-2025-33978