China's styrene monomer market expected to rise September onwards
In the China styrene monomer (SM) market, prices are expected to rise from September onwards as demand remains strong ahead of the National Day holidays in October. Derivatives manufacturers such as expanded polystyrene monomer (EPS) and polystyrene (PS) are raising run rates amid good profitability. In addition, several new derivative facilities are scheduled to start up in the future, so demand for SM would remain strong. Although most of the new SM facilities had started operations by August, the surplus of supplies seen in the past was resolved. While the crude oil market and the benzene market have remained firm, which led to higher costs, the outlook for the SM market has become stronger.
Table: Induction equipment to be newly launched in China
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products |
factories |
capacities/year(tons) |
EPS |
大連嘉盛(Dalian Jiasheng) |
120,000 |
江蘇达路旺(Jiangsu Daluwang) |
240,000 |
|
九龍青山(Jurong Qingdao) |
200,000 |
|
九龍寧波(Jurong Ningbo) |
200,000 |
|
PS |
山東玉皇(Shandong Yuhuang) |
200,000 |
山東道尔(Shandong Daoer) |
200,000 |
|
山東嵐化(Shandong Lanhua) |
100,000 |
|
寧波利万(Ningbo Liwan) |
400,000 |
|
恵州仁信(Huizhou Renxin) |
180,000 |
|
浙江一塑(Zhejiang Yisu) |
400,000 |
|
青山海岸(Qingdaohaiwan) |
200,000 |
|
ABS |
漳州Qimei第1期(Zhangzhou Gimei) |
450,000 |