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Home > News > Paint & Coating News > November 20: consolidation of domestic styrene market

November 20: consolidation of domestic styrene market

ECHEMI 2019-11-27

o-phthalic-anhydride-market

Guide to styrene: Yesterday, the domestic styrene market was reorganized, styrene was at a low level, and the market sentiment was unstable. Due to the obvious reduction of enterprise profit margin, domestic production enterprises had a slight decline in negative production, which may have an impact on the contract supply in January. However, due to the pessimistic expectation on macro level and supply fundamentals, the market was cautious and the market fluctuated in a narrow range. The reference price in East China is 7250-7300, and the future market forecast: due to some worries about the future of follow-up demand, and the lack of confidence in the market in the medium and long term, it is expected that styrene spot will also be concussed.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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