The growth rate of production capacity far exceeds the rate of downstream expansion, and the styrene industry has entered a period of pain

2021 is a year of radical changes for the styrene industry

Savage growth of productivity

In 2021, new equipment will be put into operation and the old equipment will be expanded, and styrene production capacity will grow wildly

Supported by the release of new equipment capacity, styrene production continues to hit a new high

Lengthened loss period

As domestic production capacity continues to increase, styrene imports are showing a downward trend

At the same time, due to fierce market competition and weakened bargaining power, buyers have increased their voices, and the styrene industry has a longer period of loss

"Right to speak" weakened

At present, China has become the country with the fastest growth in styrene consumption in the world

With the increase in the supply of raw materials, styrene's "right to speak" in its industry chain has weakened, shifting from low cost to high cost, while mainstream downstream maintains a good profitability

　　Opportunities still exist in the future

　　But there are also important opportunities for the styrene industry in the future