The Domestic Styrene Market Continued to be Weak on April 22
Introduction to Styrene: Yesterday, domestic styrene market continued to be weak, downstream industry overall load was stable, market intention was general, supply and demand fundamentals maintained inventory status, but the supply and demand pattern is expected to weaken, combined with electronic short pressure, in recent trading days, weak market trading, short deadlock in search of direction, but limited to electronic futures, the market is weak. Emotions are more rational. The reference price in East China is 8080-8100 CNY/ton. Future market forecast: Driven by the continuous decline of port stock and the good financial market, the styrene market intends to stabilize its price, and continues to pay attention to the port supply situation and downstream demand dynamics after the overhaul season in Asia.
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