Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market rose on July 20th. The price of styrene in Shandong was 8,091.67 RMB/ton, an increase of 2.32% compared to the previous trading day and a year-on-year decrease of 20.95%.
Analysis review
The international oil price was high, which drove the pure benzene market higher, cost support was strong, and the styrene market had followed suit. Recently, the destocking of styrene at the port was smooth, and there were reports of exports.
Market outlook
It is expected that the styrene spot market will mainly rise in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.