PODCAST: Skyrocketing Asia styrene prices impacting entire chain

SINGAPORE (ICIS)–Soaring Asian styrene prices have grabbed the attention of the global market following unexpected outages at European facilities.

This price surge is expected to support both upstream benzene prices as well as downstream prices of expanded polystyrene (EPS), polystyrene (PS), and acrylonitrile butadiene styrene (ABS).

• Two styrene plant outages in Europe drive price surge upward rapidly.
• Benzene prices rise with styrene, boosted by August demand growth.
• ICIS expects EPS and PS prices to rise in August, ABS prices to remain flat due to the butadiene prices decreasing.

In this podcast, ICIS senior analysts Jenny Yi and Jimmy Zhang discuss the trends and outlook for the Asian styrenic and benzene markets.