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2021 is a year of radical changes for the styrene industry
Savage growth of productivity
Capacity barbarous growth Capacity barbarous growthIn 2021, new equipment will be put into operation and the old equipment will be expanded, and styrene production capacity will grow wildly
Supported by the release of new equipment capacity, styrene production continues to hit a new high
Lengthened loss period
Lengthen the loss period lengthen the loss period lengthenAs domestic production capacity continues to increase, styrene imports are showing a downward trend
At the same time, due to fierce market competition and weakened bargaining power, buyers have increased their voices, and the styrene industry has a longer period of loss
"Right to speak" weakened
"Right to speak" weakened, "Right to speak" weakenedAt present, China has become the country with the fastest growth in styrene consumption in the world
With the increase in the supply of raw materials, styrene's "right to speak" in its industry chain has weakened, shifting from low cost to high cost, while mainstream downstream maintains a good profitability
Opportunities still exist in the future
Opportunities still exist in the future Opportunities still exist in the futureBut there are also important opportunities for the styrene industry in the future