Introduction to Styrene: Domestic Styrene Market Shocks Strongly on April 18

Introduction to Styrene: Yesterday, the domestic Styrene Market shocked strongly, crude oil rebounded strongly to around $64/barrel, futures electronic disk market rebounded mildly, financial markets also rebounded, boosting the spot atmosphere, the market weighed the impact of uncertain production and unexpected inventory decline, the styrene market was underpinned, driven by the port inventory decline and the good financial market. Low quotation reduced, but also rose cautiously, slightly firm. Reference prices in East China range from 8120 to 8150 yuan per ton. Future market forecast: East China market, a set of equipment accidental temporary repair, market or short-term speculation, driving prices to stabilize a small rise, follow-up attention to inventory changes and downstream industry capacity.