Crude oil and Styrene

Crude oil is a raw material for styrene; their prices have moved together.

Crude oil (energy) and Styrene (chemical): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Styrene

Styrene is made from crude oil: it is one of the raw materials its production routes start from.

2. Price link: feedstock cost

Cost and price · Strong · Both ways

Both styrene inputs ultimately come from oil or gas liquids, so crude sets the cost floor. The tie is looser than for the basic petrochemicals, 0.20 monthly and 0.67 yearly, as styrene margins swing with its own supply cycle.

• 0.20 monthly change correlation
• 0.67 12-month change correlation
• 0.18 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.