VIDEO: China’s SM market to remain oversupplied, awaits stimulus
Aviva Zhang
15-Oct-2024
SINGAPORE (ICIS)–Watch ICIS analyst Aviva Zhang discuss the implications of China’s growing styrene monomer (SM) capacity, which is poised to open up export opportunities for the remainder of 2024.
- Chinese SM capacity currently at over 20 million tonnes/year; market pressured by new capacity
- Downstream acrylonitrile-butadiene-styrene (ABS) margins still negative while polystyrene (PS) margins are constrained
- Implementation of new macroeconomic policies is expected to stimulate end-use demand, which players are closely watching
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