Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market fell on May 24th. The price of styrene in Shandong was 7,698.33 RMB/ton, a decrease of 0.22% compared to the previous trading day and a year-on-year decrease of 24.83%.

Analysis review

International oil prices had risen and cost support was still acceptable, but the Asian styrene US dollar market had fallen, with a mix of long and short positions.

Market outlook

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

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