Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market slightly declined on April 12th. The price of styrene in Shandong was 8,503.33 RMB/ton, a decrease of 0.35% compared to the previous trading day and a year-on-year decrease of 10.14%.
Analysis review
International oil prices had risen, but there were expectations of accumulated inventory in ports, domestic supply increased.
Market outlook
It is expected that the styrene market will fluctuate and decline in the short term.
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