Price trend

The styrene market fell on December 8. The price of styrene in Shandong was 7,925.00 RMB/ton, down 0.42% from the previous trading day and 3.21% year on year.

Analysis review

Crude oil reached a low level during the year, with poor cost support. Downstream procurement maintained just in demand, and spot transactions of styrene were not good.

Market outlook

The styrene market is expected to decline mainly in the short term.

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