Episode 539: PODCAST: Asia styrene up almost 20% on firm sentiment after Western outages

ICIS - chemical podcasts

English - February 19, 2021 00:00 - 7 minutes - 5.25 MB
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Next Episode: Episode 540: US Gulf Coast storm outages risk global supply crunch

Asia's styrene monomer (SM) prices have risen by almost 20% on the back of tightened supply outside of China, following unexpected production disruptions due to natural disasters ahead of the scheduled turnaround season in NE Asia, and improved buying sentiment as a result.

In this episode of the ICIS Asia podcast, Senior Editor Jasmine Khoo speaks with Trixie Yap, editor in charge of the Asia-Pacific Styrene Monomer market on the recent development.

- Firm buying sentiment emerge on even tighter supply outside of China
- Sufficient Chinese may balance out unexpected production losses in the West
- End-user demand volumes to hinge on downstream production spreads