Introduction to Styrene: Domestic Styrene Market Shocks on April 16

Introduction to Styrene: Yesterday, the domestic styrene market surged and shocked, the upstream crude oil maintained strong consolidation under the anticipated reduction of production, and oil prices fell slightly overnight; the spot market was calm, there was no room for fluctuation, the styrene market was stagnant and declining, the downstream terminal was cautious to follow up, the inventory of East China Port declined at the beginning of the week, but the market participants lacked confidence, hype demand and futures electronics. Narrow market consolidation, rational operation of intermediaries, weak market consolidation. Reference prices in East China range from 8150 to 8180 yuan per ton. Future market forecast: the peripheral financial environment has improved, the market mentality is more wait-and-see, considering that terminal factories are cautious in picking up goods, market stalemate is mainly weak.