果酱视频

During the last week of April 2025, the global Styrene market experienced a bearish trend due to excess supply, decreasing demand, and regional market challenges, all of which together caused prices to drop in major markets.

In USA, Styrene prices reduced due to average export orders to South America and Europe. Moreover, a large Styrene supply in Asia had put further downward pressure on prices, as cargoes were redirected to other markets. Additionally, reduction in feedstock benzene costs and lower energy rates contributed to the overall price fall. These factors made supplies to change their Styrene quotes to retain their business volumes.

The market followed an identical trajectory in Asia as well. Styrene prices got lowered due to the delays in shipping schedules and reduced trading activity during the May Day and Golden Week holidays. Major buyers in Northeast Asia were less active, resulting in fewer decisions and limited trading, which kept price changes minimal. Further reduction in feedstock Benzene costs also intensified the price decline. Market observations by 果酱视频 showed that there was no immediate demand for Styrene in the region.

In India, reduced interest from buyers had decreased Styrene trading for the whole month. An oversupply in the area, along with weaker foreign exchange rates, had continued to affect domestic Styrene prices.

In terms of macroeconomic factors, uncertainty and lack of confidence had discouraged buyers globally during the week. The slowdown in China鈥檚 automobile industry had decreased the demand for downstream products like acrylonitrile-butadiene-styrene (ABS), which affected the Styrene usage. In Europe, though there were disruptions in production activities, prices did not change as downstream companies came up with standard demand because of sufficient inventory levels.

On the production side, major plants had resumed their operations. Wanhua Chemical restarted its Styrene production unit at Shandong in China during the week, after carrying out maintenance activities that started in the first week of April, which has a yearly output capacity of around 650,000 metric tons.

Similarly, Nippon Steel restarted Styrene manufacturing activities at its second unit in Oita, Japan, at the same time, after performing maintenance checks that began during the second week of February, and this facility can produce about 230,000 metric tons of Styrene annually.

Though there were some supply issues in Europe due to the disruptions in power supply at Spain and Portugal, global Styrene prices remained moderate. Unless there is growth in demand and supply decreases significantly, markets are likely to continue their bearish trend in the near future.