Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market rose on July 13th. The price of styrene in Shandong was 7,575.00 RMB/ton, an increase of 0.78% compared to the previous trading day and a year-on-year decrease of 27.26%.
Analysis review
International oil prices had risen, cost support was good, and the styrene market had followed suit. Downstream delivery sentiment had been poor after recent consecutive increases in styrene, but cost support was strong.
Market outlook
It is expected that the styrene market will mainly experience a slight increase in the short term.
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