Insight
Styrene overcapacity in 2024 - winners and losers
Report summary
The global styrene industry is entering a turbulent period of overcapacity, resulting in bottom-of-cycle operating rates in 2024. In this changing landscape, the Styrene Asset Benchmarking Tool is a powerful analytical model that helps benchmark asset competitiveness and addresses key questions like - • How competitive is your asset? • What cost components can be improved to make your asset more competitive? • Who will be the winners during the peak of overcapacity and low margin environment? • What kind of assets are at risk of rationalization? • Where should you send your styrene to maximise netbacks?
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