Introduction to Styrene: Domestic Styrene Market Shocks and Rebounds on April 22

Introduction to Styrene: Yesterday, the domestic Styrene Market shocked and rebounded, the overall load of downstream industry was stable, the focus of negotiations in the low port market moved upward, boosting the trend of bulk commodity futures. Styrene also followed the recovery of futures and electronic disc markets. Market sentiment was cautious and the willingness to pull up sharply was not strong. In the continuous decline of port inventory at the beginning of the week, the relationship between supply and demand was in the stage of de-inventory. Duan, in addition to the strong financial market, the market sentiment has improved. The reference price in East China is 8180-8200 CNY/ton. The market sentiment is cautious, and the willingness to rally substantially is not strong. Future market forecast: supply and demand fundamentals continue to de-inventory, port inventory continues to decline, boost prices, and take a cautious view on follow-up demand.