Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

US styrene market flips into contango structure on strong buy interest

Electricity | Electric Power | Electric Power Risk | Renewables

US power sector faces challenges from lower utility load, global trade uncertainty

Marine Fuels

Platts Bunkerwire

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Commodities | Agriculture | LNG | Oil | Crude Oil | Petrochemicals | Shipping

US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump

US styrene market flips into contango structure on strong buy interest

Houston — US spot styrene values have moved higher in February as a contango market structure has emerged due to strong buy interest for March material, sources told S&P Global Platts this week.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Prompt spot styrene prices have risen $30 since the beginning of February and were up $100 since the beginning of the year, last assessed Tuesday at $990/mt FOB USG.

Prices have risen amid a planned maintenance by a US producer as America's Styrenics went into a 45-day turnaround in late January, several sources said. Additionally a second US producer was expected to go into maintenance in at some point in March though details and confirmation were not immediately available.

These outages, coupled with several planned outages in Asia during late Q1 and Q2, have resulted in increased buy interest in the US which has pushed February pricing higher. February was last assessed Tuesday at $990/mt FOB USG while $980/mt was heard traded twice late last week at $980/mt FOB USG.

"The $980 is no longer there," a source said, adding that sellers had backed off.

Sources Wednesday talked February pricing notionally at $980-$1,000/mt FOB USG while March was talked notionally at $1,000-$1,020/mt FOB USG. Buying interest remained strong with one seller noting that he had fielded numerous inquiries within the past week. Additionally, sources noted that stronger Asian pricing lent support to US values. The Platts CFR Taiwan marker was last assessed at $1,088/mt as inventory levels in China were talked at near record-high levels. The CFR India price was last assessed at $1,079/mt.

Styrene production costs rose in February as the month's benzene contract moved higher. US February benzene contracts were heard settled up 10 cents from January to 193 cents/gal/ With ethylene contracts falling a half cent in January to 28.75 cents/lb, styrene margins on a spot basis were estimated at near $293/mt, according to Platts data.

--Kevin Allen,

--Edited by Richard Rubin,


Platts Petrochemicalscan daily price assessment market reports provide you with a complete view of the global aromatics market, helping to identify new opportunities and make informed trading and business decisions. Click the link below to see how it can meet your needs.

Free Trial