BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber 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
Petrochemicals

EPCA 2018: Europe styrene traders reach out to Asian buyers as trade route heats up

Dry Freight

Interview: Andrew Benjamin, Norvic Shipping

Natural Gas | Natural Gas (North American) | Crude Oil

Platts Upstream Indicator

Natural Gas | LNG | Oil | Crude Oil | Refined Products | Petrochemicals

Platts Workshop at the S&P Global Platts Energy

Naphtha | Petrochemicals

East-West naphtha paper spread supports arbitrage to Asia from Europe

EPCA 2018: Europe styrene traders reach out to Asian buyers as trade route heats up

London — European styrene traders are actively reaching out to Asian buyers as the Europe-Asia trade route for styrene becomes increasingly viable, market sources said on the sidelines of the EPCA conference.

Not registered?

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

Register Now

"We are contacting Asian buyers directly," a trader said, adding he has also been monitoring arbitrage spreads between both regions closely.

"We are not able to capture the arbitrage [window] every month, but whenever we can capture it, then good," the trader said.

In October, inventory levels in China were low, resulting in an increase in styrene imports into Asia -- mainly China -- from Europe, another trader said.

The arbitrage window opened on several occasions in the second half of the year, a trend set to continue with prices in Asia expected to remain higher, sources said.

This year, the appeal of European styrene in Asia has strengthened following anti-dumping duties on volumes going to China from the US, South Korea and Taiwan.

New trade routes have emerged, which has seen higher European exports to China, as well as an increase in European imports of US cargoes.

Europe has now become a large trading hub for styrene, with an increase in both export and import volumes, according to Eurostat data.

As contract negotiations for 2019 commence, there were more requests from customers looking to ship volumes to Asia.

--Olu Shaw, olu.shaw@spglobal.com

--Edited by Dan Lalor, daniel.lalor@spglobal.com