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STYRENE - RESTRUCTURING, RECOVERY, RESURGENCE(PPT)

机译：苯乙烯 - 重组，恢复，复兴（PPT）

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The strategic restructuring of the styrene industry is fnally beginning to show signs of bearing fruit. In many ways, the recession helped expedite this process and sped up what looked like a long painful process. Changes in regional competitiveness have shifted the pressure to West European assets but it's hard to see what if anything will shutdown. In previous years, styrene capacity shutdowns caused the market to momentarily improve only to fnd that more restructuring was needed. There are signs that this time things are different. At the start of the consolidation, polystyrene demand was stagnating and waves of styrene capacity were scheduled to start up. With other polymers such as PP and PET at similar price levels now, global PS demand is forecasted to start growing again – led by Asia. Also since 2007, the styrene industry has shutdown over 10 percent of the global capacity and most of the future capacity expansions have been sent to the dustbin. The emergence of the direct PO process has taken some pressure off of the SM market as well.
机译：苯乙烯行业的战略重组是有意义地表现出轴承果实的迹象。在许多方面，经济衰退有助于加快这个过程，并加快了一个看起来像一个长期痛苦的过程。区域竞争力的变化已经向西欧洲资产转移了压力，但如果任何事情都将关闭，很难看出什么。在过去几年中，苯乙烯容量停机导致市场暂时改进，仅需要更多的重组。有迹象表明这次事情是不同的。在合并开始时，聚苯乙烯需求停滞不前，并计划苯乙烯能力的波浪启动。随着其他聚合物如PP和PET，现在，预计全球PS需求将再次开始于亚洲领导。此外，自2007年以来，苯乙烯行业已关闭超过10％的全球能力，大部分未来的能力扩展已被送到垃圾箱。直接PO过程的出现也对SM市场的一些压力造成了一些压力。

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