Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market increased slightly on August 22nd. The price of styrene in Shandong was 8,730.00 RMB/ton, an increase of 0.06% compared to the previous trading day and a year-on-year decrease of 2.79%.

Analysis review

The international oil prices declined, and cost support was poor, which had suppressed the increase in styrene. Recently, downstream demand was poor and procurement was weak.

Market outlook

It is expected that the spot market for styrene will mainly experience a slight decline in the short term.

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