Price trend
According to the Commodity Analysis System of SunSirs, the market price of styrene fell on the 13th.
Analysis review
Overall, the recent decline in international oil prices, downstream production restrictions and price protection measures for benzene, poor terminal demand, coupled with the accumulation of inventory in major ports in East China and weak market sentiment, have accelerated the decline and dragged down the price of styrene.
Market outlook
There is little change in the supply side of styrene, and downstream 3S remains stable. Downstream enters the market on dips, and it is expected that styrene will consolidate after a decline in the short term.
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