Price trend

According to the Commodity Market Analysis System of Business Society, the styrene market slightly rose on June 16th. The price of styrene in Shandong was 7,381.67 RMB/ton, an increase of 0.64%, and a year-on-year decrease of 33.24%.

Analysis review

International oil prices rebounded strongly, and cost support was good. The styrene market was trading on dips and had a strong mentality.

Market outlook

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

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