Product Name: Styrene

Latest price: 8,820 RMB/ton on October 30th

Analysis review

According to data from SunSirs, the spot market for styrene on October 30th was weak, and the sales price of PetroChina Northeast Sales Company had been lowered. The overall trading atmosphere was relatively light, and the market had a strong wait-and-see atmosphere, with downstream factories purchasing according to demand. As of October 30th, international crude oil prices had fallen, and the price of raw material benzene had also dropped, affecting market confidence. However, styrene had been slightly depleted in East China ports.

Market outlook

It is expected that the styrene market will fluctuate and consolidate in the short term.

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