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 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 Price Analysis:

Netherlands: 1028 USD/MT
Saudi Arabia: 957 USD/MT
Brazil: 1176 USD/MT

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Monthly Updates: Annual Subscription
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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 - Last Quarter

The styrene market is being propelled by several key factors, such as the demand from industries such as automotive, construction, packaging, and electronics continues to grow, driving up the need for styrene production. Additionally, rising feedstock costs, particularly benzene and ethylene, have increased production expenses, impacting overall pricing. The market also faces supply chain challenges, including transportation delays and plant shutdowns, which are tightening supply availability. Furthermore, fluctuating raw material costs, along with seasonal demand shifts, are playing a significant role in shaping market dynamics. These factors combined are influencing both regional and global price fluctuations, as supply and demand pressures interact with production costs and logistical challenges.

Factors Influencing Styrene Prices in Q2 2024

North America

Styrene prices in North America experienced a notable decline in Q2 2024. The key drivers were excess supply, high inventory levels, and subdued demand from sectors like automotive and packaging. The decline in prices for feedstocks such as benzene and ethylene further reduced production costs. This oversupply situation and cautious procurement behavior exerted downward pressure, resulting in a bearish market environment. Prices consistently fell throughout the quarter, reflecting a significant decrease in overall market sentiment.

APAC

In Q2 2024, the APAC region witnessed an upward trend in styrene prices. This was driven by increasing production costs, particularly due to higher prices for benzene and ethylene, coupled with robust demand from industries such as automotive, packaging, and construction. Supply chain disruptions and logistical constraints also tightened supply. These factors collectively led to a bullish sentiment, with prices consistently rising, especially in Japan, where demand remained strong, contributing to a continued price increase.

Europe

The European styrene market saw a downward trend in Q2 2024. The oversupply situation, combined with falling raw material costs, especially for benzene and ethylene, caused a reduction in styrene prices. Diminished demand from key sectors, like automotive and construction, as well as seasonal variations, further exacerbated the price drop. Germany, in particular, experienced significant declines, with prices plummeting sharply over the quarter, driven by these broader regional trends.

MEA

The styrene market in the MEA region experienced rising prices in Q2 2024, primarily due to strong demand from automotive, packaging, and electronics sectors. Increased feedstock costs, notably for benzene and ethylene, elevated production expenses, contributing to the price surge. Logistical challenges and higher freight costs also played a role in pushing prices upward. Saudi Arabia, in particular, saw notable price increases, driven by seasonal demand spikes and consistent supply chain constraints.

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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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