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According to Axis on October 18, at this year's annual meeting of the European Petrochemical Association (EPCA) held in Vienna, Austria, most of the discussions on styrene revolved around global supply and the possibility of seeing new installations in the short term
.
ICIS firmly believes that it will be some time before a new styrene plant in China is ready to go online, and that new supply in the rest of the world should be very limited
.
At the same time, some older styrene plants in Europe and the United States will continue to experience unplanned shutdowns, which means that there will be a shortage of supply in the market and prices will continue to fluctuate
significantly.
According to ICIS Analytics and Consulting, the average global styrene plant operating rate will reach 90%
in 2018.
While demand growth has slowed, capacity growth has been more limited, including the closure of capacity in developed markets, resulting in historically high capacity utilization in styrene plants worldwide
.
According to Axis on October 18, at this year's annual meeting of the European Petrochemical Association (EPCA) held in Vienna, Austria, most of the discussions on styrene revolved around global supply and the possibility of seeing new installations in the short term
.
ICIS firmly believes that it will be some time before a new styrene plant in China is ready to go online, and that new supply in the rest of the world should be very limited
.
At the same time, some older styrene plants in Europe and the United States will continue to experience unplanned shutdowns, which means that there will be a shortage of supply in the market and prices will continue to fluctuate
significantly.
According to ICIS Analytics and Consulting, the average global styrene plant operating rate will reach 90%
in 2018.
While demand growth has slowed, capacity growth has been more limited, including the closure of capacity in developed markets, resulting in historically high capacity utilization in styrene plants worldwide
.
