Deep Analysis on Styrene Import Volume in the First Half of 2016

In recent years, the styrene import in China is kept over 40%. Insiders have paid attention to the change of import volume, trend and producing countries. Nowadays, chinayie.com leads you to make a deep analysis on the data rate change tendency of styrene in the first half of the year. 

The total Chinese total volume of styrene was 1,817,900t in the first half of 2016, increased by 40,000t year-on-year. Yet, the import volume in June was shortened due to the supply shrinkage in America, China and Taiwan. In case of the double elevation of arrival of goods in Far-Pacific region and the Middle East, the import volumes of the second half are higher than 350,000t. 

The peak value was reached in the middle of 2015. The monthly average price was USD 1,377/t in July, while generally not higher than USD 1,000/t on account that it lingered at the low price between the fourth quarter of 2015 and the first quarter of 2016. Under the support that the price was increased at the second quarter of this year, the import rice was risen, even up to USD 1,091/t in May. 

Korea, Saudi Arabia, Japan, Taiwan, China, America, Iran and Kuwait have been the most important channels for China to import styrene. From the above picture, Korea ranks the list; the American import volume was gradually upgraded at the first half of 2016, leaping to the second position, with the monthly average import volume of 46,200t. This is close to the transfer of interest arbitrage window of Asia, Europe and America. For this reason, the ocean volume of goods arrived was substantially shortened in July and August, especially in the third quarter. (by chinayie.com)