Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market fell on May 11th. The price of styrene in Shandong was 8,121.67 RMB/ton, a decrease of 0.43% compared to the previous trading day and a year-on-year decrease of 17.13%.

Analysis review

The international oil price had fallen, and cost support was poor. Recently, there were maintenance equipment restarted and new equipment entered the production stage for styrene.

Market outlook

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

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