“The goal as company is to have customer service that is not just the best but legendary.”

With an aim to facilitate better business decision-making for the chemicals and petrochemicals business, GCP offers Market Intelligence.

Daily Price Intelligence

We provides chemicals and petrochemicals prices on a daily basis to keep track of trading prices, understand price fluctuations and set a scale for contract price settlements.

Daily news alert

We endows latest news from across the world in the petrochemical industry with all the updates  

 on plant operations, new ventures, and emergent markets.

Weekly market report

We offers customized reports on individual chemicals, with detailed pricing intelligence, Special focus on the international pricing scenario, Quantitative import- export & stock details across major Indian ports

Historical data

Our services offers product related historic details, global trade statistics of the previous few years and import-export & trade statistics across major Indian ports.

Industry overview/Article

Here we provides industry related information on a weekly basis and petrochemicals and chemicals related blogs and articles, which help you to make effective decisions for your business.

We supports you to grow your  business, with the customer friendly website that is helpful & easy to use and has been there each time when customer service is needed on a daily basis with experience & knowledge of products and inventory.

Synonyms –

Vinyl benzene; Stryrene; Cinnamenol; Cinnamol; Cinnamene; Cinnamenol; Ethenylbenzene; Phenethylene; Vinylbenzene; Vinylbenzol; Phenylethene; Styrolene; Styron; Styropol;  Styropor;

About the Product –

Styrene, an organic compound, is a derivative of benzene. It is a colourless oily liquid and has a pleasant odour. It evaporates easily and is highly flammable. It is insoluble in water. Styrene monomers are used to manufacture plastics, synthetic rubber, resins, insulator etc.

 Identification Features -

CAS Number: 100-42-5

H.S. Code: 2902.50

Chemical formula: H2C=C6H5CH

Chemical Properties:

Melting point: -30-31 C

Boling point: 145-146 C

Specific gravity: 0.91

Solubility in water: < 1%

Vapour density: 3.60

Production Process –

Styrene was initially produced by decarboxylation of cinnamic acid.

Catalytic dehydrogenation of ethylbenzene in the presence of catalysts such as iron (III) oxide, promoted by several percent potassium oxide or potassium carbonate, will produce styrene

Styrene can also be produced by treating ethylbenzene with oxygen to give ethylbenzene hydroperoxide, which is then used to oxidize propylene to propylene oxide, which leads to the production of 2-phenylethanol, which is then dehydrated to produce styrene. This process is known as POSM (Lyondell Chemical Company) or SM/PO (Shell) for styrene monomer / propylene oxide.

Styrene can be also produced from toluene and methanol. Another ongoing process is to try and produce styrene via benzene and ethane.

Uses -

Ø  Used as a raw material for polystyrene and EPS. 

Ø  Used as a feedstock for unsaturated polyester resins. 

Ø  Used to manufacture SBR. 

Ø  Used in the production of homopolymers and copolymers. 

Ø  Used for food packaging. 

Ø  Used in the construction industry. 

Ø  Used to manufacture interior automotive components.

During first half of 2017 in the month of February SM prices were assessed utmost in the range of Rs 108-109/kg and in the month of June prices were evaluated lowest at Rs 81/kg. These fluctuations were resulted of fluctuation in the crude oil values, upstream prices and tight inventory availability.

Presently SM market is moving with stable-to-soft velocity consumption from end user sectors also have been bearish. Currently FOB Korea prices of SM were assessed at the USD 1155/MT and CFR China prices were assessed at the USD 1185/MT. Feedstock benzene prices were evaluated at the USD 720/MT FOB Korea.

As per source information China's Ministry of Commerce has initiated antidumping investigations on styrene monomer imports from South Korea, Taiwan and the US, following a recent petition filed by Chinese SM producers.

The petition was filed collectively on May 25 by six Chinese SM producers, The investigations, covering SM imports from South Korea, Taiwan and the US over January 1-December 31, 2016, are expected to be concluded before June 23, 2018 but may be extended to December 23, 2018 under special circumstances.

For the second half of 2017 demand stipulation for SM is anticipated to firm-to-stable and the supply of SM looks much less tight than the first half.