Introduction to Styrene: A Morning Analysis of Styrene Market on April 9

Introduction to Styrene: Yesterday, the domestic styrene market rose strongly, crude oil remained strong in anticipation of production reduction, supply constraints and trade relations eased, absolute market boosted, domestic chemical futures market-oriented industrial products rose strongly, affected by the explosion of sound water plants, some chemical parks could not be excluded from closure, and the supply of related products was affected by short-term shadow. Rising and rising affect other products, styrene atmosphere has also been boosted, combined with the continuous decline in inventories, good news from Sino-US trade negotiations on the periphery, market mentality has been supported, short-term strong operation, continuous rise, profit-taking in the market, caution in pursuit. Future market forecast: global crude oil prices continue to rise and continue to operate at a high level. Basically, manufacturers continue to raise ex-factory quotations. The market has some support. We should pay attention to the changes of port shipments and inventory data in the follow-up process.