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Sorting out the market range of domestic styrene on January 15

ECHEMI 2020-01-22

Guide to styrene: Yesterday, the domestic styrene market range was sorted out, and there was strong sentiment among chemical futures bulls affected by events in the Middle East and other factors. At present, the replenishment activities of downstream factories have been gradually reduced. Recently, some downstream PS and EPS have been significantly reduced, while ABS still maintains a relatively high level of operating rate, because supply and demand remain weak. Future forecast: at present, the market is mostly guided by the peripheral information, and the styrene unit is expected to follow up.

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