Styrene Price in Mexico
- Mexico: 1169 USD/MT
In December 2023, the price of styrene in Mexico for the fourth quarter hit 1169 USD per metric ton. Despite the market price declining, the trend remained bullish due to high to moderate demand for styrene.
The latest report by IMARC Group, titled “Styrene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Styrene Prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Styrene Price Analysis:
- Netherlands: 1028 USD/MT
- Saudi Arabia: 957 USD/MT
- Brazil: 1176 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting styrene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/styrene-pricing-report/requestsample
Styrene Price – Last Quarter
The global styrene market is primarily driven by the increasing demand across various industries, particularly in packaging, automotive, and construction. The rise in the use of polystyrene, a derivative of styrene, for packaging materials like disposable containers, insulation, and other consumer goods is a major contributor. Additionally, the automotive sector’s reliance on styrene-based products, such as rubber and resins, for lightweight and durable components is driving market growth. Moreover, the construction industry also benefits from styrene’s use in insulation and other building materials.
Furthermore, several advancements in manufacturing technologies are improving styrene production efficiency, enhancing its availability, and reducing costs. The global shift toward urbanization and industrialization, especially in emerging economies, is escalating the demand for styrene in infrastructure and consumer goods production. Besides, the push toward sustainability is encouraging the development of recyclable styrene-based products, contributing to the market’s positive outlook.
Styrene Industry Analysis
The North American styrene prices dropped mainly due to high supply, lower costs for materials such as ethylene and benzene, and soft demand from sectors like packaging and automotive in the Q2 quarter. Inventory build-up and cautious buying habits also dampened prices. This downtrend was especially sharp in the United States, revealing adjustments in the supply chain and a broad pullback in industrial activity. Moreover, styrene prices in the Asia Pacific region climbed sharply in Q2 2024, fueled by increased costs of feedstocks and strong requirements from sectors including automotive and construction. Japan witnessed the most dramatic rises, driven by seasonal demand surges.
Supply disruptions and logistical hurdles also contributed to tightening supplies, fostering a bullish market atmosphere throughout the quarter. Besides this, European styrene prices declined significantly in Q2 2024 owing to overcapacity and high inventory levels pushing suppliers to reduce prices. Additionally, lower raw material costs and a slowdown in demand across key industries like automotive compounded the price drops. Along with this, Germany saw the steepest declines, with prices plummeting as the quarter progressed, influenced by these compounded factors.
Furthermore, in the Middle East and Africa (MEA) region, styrene prices increased notably, driven by strong demand from the packaging and automotive sectors. In Saudi Arabia, prices increased significantly as a result of higher feedstock costs and consistent demand. Logistical issues and increased transportation costs also played a role in boosting prices, maintaining an optimistic trend throughout the quarter.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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