Styrene Rise And Fall Forecast

The latest price (2022-04-20): 9550.00 CNY/ton

Analysis points:

According to the data of the business society, the spot price of styrene has fluctuated and consolidated recently, and the price on the 20th was unchanged from the previous trading day, up 0.70% year-on-year. International crude oil prices fell sharply, but the center of gravity of pure benzene rose slightly. The cost of styrene is acceptable. At present, the spot of styrene is relatively abundant. It is difficult to ship due to the public security incident. The spot transaction in the market is weak, and the styrene market in Shandong fluctuates and consolidates. Crude oil fell sharply at night, and styrene is likely to follow the trend of crude oil.

Market outlook forecast:

The short-term styrene market is mainly down.