Ethylene Glycol was in the market shocks last week

　　According to the price data from ECHEMI, the price of Styrene rose steadily last week. Although the demand from downstream is still light, digest the contracted inventory, what’s more, the stock of main market has increased, but since the quantity of high quality goods is limited and concentrated, the businessmen who holds goods not only unwilling to sell goods, but also intend to raise the price, in addition, some follow-up transactions support the market.

Because the price of raw materials Benzene rose and the price of Ethylene remain stable, from the aspect of cost, give some support to the Styrene market. Downstream keep the demand as required, some manufacturers begin to reduce production. As the Spring Festival approaching, it is estimated that the price of Styrene will be finishing within a short-term, the space of rising is not large.