Narrow Range Stabilization of Domestic Styrene Market on August 14

Methanol Guide: Last week, the mentality of northwest China was strong, prices continued to rise, and some enterprises stopped selling. The mentality of Hebei, Shandong and other surrounding cities has kept up with the rise, and the price of the mainland has risen significantly as a whole. However, with the recovery of Xianyang, Datang and other devices, the regional supply has increased, coupled with the overall demand is still weak, partial market prices have been loosened, the operators are more cautious and wait-and-see attitude. In the short term, the market or the maintenance of regional trends are dominant. Under the background of increasing supply expectations and weak demand, the local market or the possibility of weakening. However, the trend of port regionalization is still prominent, the pressure of high storage level is difficult to ease, the overall performance of demand is general, and futures contracts are close to delivery, short-term or still weak.