Introduction to styrene: October 25: weak market shock of styrene in China

Styrene Introduction: Yesterday, the domestic styrene market was in a weak shock. In the first half of the week, due to cautious demand expectation and large forward supply pressure, the firm price was weak. In the middle of the week, due to the gradual rebound of crude oil and the resonance of factors such as the end of the month delivery, the low position was supported by replenishment, coupled with the sharp rebound of crude oil, the weak sentiment of the market was reduced. The reference price of East China is 7700-7750. After negotiation, it is predicted that the subsequent supply and demand are still the main influencing factors. Continue to pay attention to the production of new devices and the downstream demand.