Styrene Price in Mexico

Mexico: 1169 USD/MT

In December 2023, the price of styrene in Mexico for the fourth quarter hit 1169 USD per metric ton. Despite the market price declining, the trend remained bullish due to high to moderate demand for styrene.

The latest report by IMARC Group, titled "Styrene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Styrene Prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive Styrene price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Styrene Prices December 2023:

Mexico: 1169 USD/MT
Japan: 1046 USD/MT
Netherlands: 1028 USD/MT
Saudi Arabia: 957 USD/MT
Brazil: 1176 USD/MT

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The study delves into the factors affecting styrene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/styrene-pricing-report/requestsample

Styrene Price Trend- Q4 2023

The styrene market is heavily influenced by the prices of key feedstocks, such as ethylene and benzene, which directly affect production costs. When the prices of these raw materials rise, it typically leads to increased styrene prices. Demand from major downstream industries, including automotive, packaging, and construction, also plays a critical role in shaping market dynamics.

Seasonal fluctuations, such as increased activity in automotive production and construction during peak periods, can further impact demand and pricing. Additionally, supply chain disruptions, including transportation and logistical challenges, can constrain supply and influence price trends. The interplay of these factors creates a complex market environment where both supply-side constraints and strong downstream demand can lead to significant price volatility.

Styrene Industry Analysis

In North America, the second quarter of 2024 saw a notable decline in styrene prices due to persistent supply surpluses and reduced raw material costs. The region faced an oversupply situation, exacerbated by high inventory levels and cautious purchasing behaviors. The costs of essential feedstocks, such as ethylene and benzene, decreased, lowering production costs and contributing to the reduction in styrene prices. In the United States, the market experienced a decrease from the previous quarter and a substantial drop compared to the same period last year. This bearish trend was evident as prices fell from the first to the second half of the quarter. In contrast, the Asia-Pacific (APAC) region experienced a pronounced upward trend in styrene prices during Q2 2024.

Increased production costs, driven by rising feedstock prices, particularly for benzene and ethylene, combined with strong demand from the automotive, construction, and packaging industries, pushed prices higher. Supply chain disruptions and constrained transportation logistics further tightened supply, contributing to the bullish market sentiment. Japan, in particular, saw significant price fluctuations, with prices rising from the previous quarter and continuing to increase throughout Q2. In Europe, the styrene market faced a bearish trend in Q2 2024.

Overcapacity and increased inventories led to significant price reductions as suppliers sought to clear excess stock. The decrease in raw material costs, including benzene and ethylene, along with weakened demand from the automotive and construction sectors, further pressured prices downward. Meanwhile, the Middle East and Africa (MEA) region experienced notable price increases due to robust demand from the packaging, automotive, and electronics sectors. Rising feedstock costs, including benzene and ethylene, along with logistical challenges and higher freight expenses, contributed to the upward trend in styrene prices.

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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