Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market fell on May 9th. The price of styrene in Shandong was 8,156.00 RMB/ton, a decrease of 0.10% compared to the previous trading day and a year-on-year decrease of 19.19%.

Analysis review

International oil prices continued to rise, with good cost support. However, there was sufficient supply of styrene, resulting in a stalemate between supply and demand.

Market outlook

It is expected that the styrene market will fluctuate and decline in the short term.

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