HP Impact: ‘Up-cycle’ on horizon for global styrene
World styrene demand grew 5.1% in 2002, a contrast to the 1.8% decline in 2001. "After negative spot cash margins throughout 2001 for U.S. producers, the margins in 2002 were a huge ble..
World styrene demand grew 5.1% in 2002, a contrast
to the 1.8% decline in 2001. "After negative spot cash
margins throughout 2001 for U.S. producers, the margins in
2002 were a huge blessing. It was, however, only a good year
for the styrene producers who did not suffer through
operating problems and/or share their fortune with derivative
producers," according to a new market analysis by
CMAI.
Of the derivatives, polystyrene (PS) has performed
poorly since having a decent growth year in 1999. The
proportion of total world styrene consumption in PS fell
below 50% for the first time in 2002. However, the growth in
s
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