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Styrene values in the USA plunged through June, with Styrene market sentiment deteriorating into late June as buyers pared back purchasing and feedstock costs collapsed. Early June trading showed weakening appetite among Styrene processors, and by mid- to late June, the downward momentum accelerated amid ample product availability and persistent oversupply. Styrene producers largely maintained steady operating rates, ensuring comfortable supply even as demand from key downstream sectors remained muted. The combination of soft offtake, abundant inventories, and deteriorating cost support from upstream feedstocks set the tone for a steep correction in Styrene prices throughout the month.
Downstream demand for Styrene from polystyrene (PS), expandable polystyrene (EPS), and ABS resin manufacturers remained soft, with buyers limiting purchases to immediate production requirements amid weak manufacturing activity. June pricing reflected this slowdown, with Styrene assessed at $*,***.**/MT in June ****, down from $*,***.**/MT in the previous...
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