Price trend

The styrene market rose slightly on January 4. The price of styrene in Shandong was 8,233.33 RMB/ton, up 1.44% from the previous trading day and down 1.98% year on year.

Analysis review

The international oil price fell sharply in the night market, the cost support was average, the downstream remained just in demand, bargain hunting and replenishment, and the styrene market rose in shock.

Market outlook

As the Spring Festival approaches, the supply and demand are expected to weaken gradually, and the styrene market is expected to decline mainly in the short term.

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