Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market rose on September 14th. The price of styrene in Shandong was 9,616.67 RMB/ton, an increase of 3.96% compared to the previous trading day and a year-on-year decrease of 1.63%.

Analysis review

International oil prices had slightly declined, with average cost support, but styrene was smoothly destocking and the market had risen. As of September 14th, the trading atmosphere in the styrene market was good, and downstream demand had rebounded.

Market outlook

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

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