Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market stabilized on June 20th. The price of styrene in Shandong was 7,481.67 RMB/ton, a year-on-year decrease of 31.23%.

Analysis review

After a strong rebound in international oil prices, prices fell on June 19, with average cost support and expectations of an increase in styrene inventory. Although restocking during holidays, it is difficult for prices to rise and the market was consolidating.

Market outlook

Recently, there were many returns after device maintenance, and it is expected that the styrene market will mainly decline in the short term.

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