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Home > News > Paint & Coating News > On January 21, the domestic styrene market gradually became cold

On January 21, the domestic styrene market gradually became cold

ECHEMI 2020-02-04

Introduction to styrene: Near the Spring Festival, most market participants are away from the market to wait and see. The styrene market is gradually becoming cold. The demand of the downstream terminal before the Lunar New Year is low, the spot transaction is deadlocked, and the long-term price of styrene follows the gentle fluctuation of large commodities. Near the Lunar New Year holiday, the trading atmosphere is cooling down. At present, the purchasing intention of the terminal factory is decreasing, and the production enterprises are also reducing the inventory pressure strength, the market is expected to maintain range shock consolidation pattern. Aftermarket forecast: it is reported that the load of ethylene unit of new unit Zhejiang Petrochemical Co., Ltd. is improving, and ethylbenzene and styrene units are expected to follow up. Dalian Hengli Petrochemical styrene plant is also in the process of production.

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