Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market fell on August 2nd. The price of styrene in Shandong was 8,633.33 RMB/ton, a decrease of 0.19% compared to the previous trading day and a year-on-year decrease of 9.50%.

Analysis review

International oil prices had fallen, cost support was poor, and the styrene market had followed suit. Recently, the styrene market inventory was at a low level, and there was room for rise.

Market outlook

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

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