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Insight | Time:Jul 12 2018 2:24PM
Styrene monomer unit turnarounds in H2 2018
 
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China domestic styrene monomer prices increased in the first half of 2018 due to unit turnarounds and anti-dumping measures. In the second half of 2018, capacity of domestic SM units that would carry out maintenances totals 1.34 million mt/year. Most turnarounds would be in in October and November. In the rest of Asia, the figure would be around 1.54 million mt/year, and the timing would be mainly in September.



SM imports decreased gradually with the anti-dumping measures and will remain low amid the final anti-dumping tariff decision. SM import from South Korea was around 90kt per month in 2017, while in the first half this year, the figure was only around 20-30kt. Given higher anti-dumping tariffs for US companies, the arbitrage is unworkable. Deep-sea cargo arrivals into China will keep low.

Anhui Haoyuan Chemical plans to start trail run at its 260kt/year styrene monomer unit in late July.

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