Introduction to Styrene: Upward Pressure on Domestic Styrene Market on April 19

Introduction to Styrene: Yesterday, the domestic styrene market was under upward pressure, the upstream crude oil maintained a strong consolidation in anticipation of production reduction, crude oil futures were supported by Saudi Arabia's reduction in export volume and inventory decline, but the range was limited. The styrene market was supported by the low level of the styrene market. Driven by the reduction of port inventory and the favorable financial market, the styrene market intends to stabilize prices, and the electronic futures market reappeared. The decline and the recovery of financial markets have also boosted the spot atmosphere. Near the reference price of 8080-8150 CNY/ton in East China, trading was weak due to the decline of electronic disk. Future market forecast: under short pressure, the market returned to a steady decline in the middle of the week, without changing the pattern of interval consolidation, follow-up attention to inventory changes, after the Asian equipment overhaul season, port supply situation.