During the current period (November 5–11, 2026), the average profit for China's non-integrated styrene units was -304 yuan/ton, representing a week-on-week increase in losses of 294 yuan/ton and a 3,131% expansion in the loss margin compared to the previous week. The trend of losses persisted throughout the week, with increasing pressure on production. Regarding feedstock price spreads, the spread between pure benzene and styrene remained within normal ranges, providing moderate support to non-integrated producers. However, tight ethylene supply and rising prices emerged as the primary constraints hindering profit recovery, continuously suppressing the profitability potential of non-integrated styrene units.
| Trend Chart of Non-Integrated Styrene Unit Profits, 2022–2026 (yuan/ton) |
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Data Source: Chempricehub Information
Weekly Data Comparison of Profits for Chinese Non-Integrated Styrene Units (yuan/ton)
| Type | Week Ending Nov 11 | Week Ending Nov 4 | Change | Change Rate (%) |
|---|---|---|---|---|
| Non-integrated units | -303.41 | -9.39 | -294.02 | -3,131.20% |
Data Source: Chempricehub Information
Comparison of Price, Cost, and Profit for Chinese Non-Integrated Styrene Units vs. Same Period Last Year (Unit: yuan/ton)
| Item | 2026/11/11 | 2026/11/10 | Change | Change Rate | Unit |
|---|---|---|---|---|---|
| Pure Benzene | 7,940 | 7,860 | 80.00 | 1.02% | yuan/ton |
| Ethylene CFR NE Asia | 1,250 | 1,260 | -10.00 | -0.79% | USD/ton |
| Styrene | 9,425 | 9,285 | 140.00 | 1.51% | yuan/ton |
| Styrene Production Cost | 9,864.10 | 9,819.79 | 44.31 | 0.45% | yuan/ton |
| Non-integrated Unit Profit | -439.1 | -534.8 | 95.69 | -17.89% | yuan/ton |
Data Source: Chempricehub Information
On the feedstock side, expected increases in pure benzene imports suggest that while downstream users may engage in opportunistic restocking based on essential demand, anticipated inventory accumulation will limit sustained buying momentum. Consequently, spot trading levels in East China are projected to see only minor upward adjustments next week, further weakening cost support for styrene. From a supply-demand perspective, short-term styrene inventories remain at relatively low levels. Combined with the release of essential downstream restocking following recent price declines, this provides certain support to styrene market conditions. Meanwhile, the tight situation in ethylene supply is expected to ease, offering some room for modest recovery in processing margins for non-integrated units.
As of this week, the profitability of non-integrated units has weakened compared to earlier periods. In the short term, low inventories provide support to both prices and profits. However, given the coexistence of weakening cost-side support and expectations of loosening fundamentals, the sustainability of profit recovery remains to be observed.
| Daily Profit and Market Price Trend Chart for Non-Integrated Styrene Units (yuan/ton) |
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Data Source: Chempricehub Information
Sample Description: On the data publication date, Chempricehub Information monitors theoretical profits by aggregating raw material prices and mainstream transaction prices for styrene from major production regions in China.
Term Definition: Non-integrated profit refers to the production margin for styrene manufacturers operating non-integrated units that source raw materials externally. It is calculated as the actual spot transaction price in the mainstream market minus the total per-ton production cost and additional expenses (excluding financial costs).
Statistical Scope: Chempricehub Information’s non-integrated styrene profit data is first-hand statistical information. Samples cover domestic non-integrated styrene producers located inland. The monitoring cycle is daily, with data published between 15:00 and 17:00 on Thursdays (workdays).
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