Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market fell on May 15th. The price of styrene in Shandong was 7,800.00 RMB/ton, a decrease of 2.28% compared to the previous trading day and a year-on-year decrease of 23.44%.

Analysis review

International oil prices rose, and cost support was still acceptable. However, the Asian styrene dollar market had fallen, and spot transactions of styrene continued to be poor.

Market outlook

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

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