Price trend

The styrene market fluctuated and consolidated on January 11. The price of styrene in Shandong was 81,133.33 RMB/ton, unchanged from the previous trading day, with a year-on-year decrease of 3.50%.

Analysis review

The international oil price rose in the night market, the pure benzene market rose slightly, the cost support was good, the downstream remained just in rigid need of bargain-hunting, and the styrene market was volatile and consolidated.

Market outlook

As the Spring Festival approaches, the styrene market is expected to rise in the short term due to the stock preparation before the holiday and the export pickup.

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