Styrene Guide: January 22 domestic styrene market is quiet

Introduction to styrene: The domestic styrene market is quiet, close to the Spring Festival holiday, most market participants have left the market, the spot market trading is limited. On that day, the spot price of styrene in East China market was negotiated in 7370-7380; in February and March, it was 7420-7490; the big futures fell in small and medium fluctuations, and the supply and demand of styrene was weak near the holiday, the market speculation atmosphere was not high, and it is expected that the price will be stable in 7350-7400 between the Spring Festival. Due to the decrease of downstream demand at the end of the year and the decrease of delivery of cargo holders, more attention is paid to the market inventory and the production of new devices after the Spring Festival. It is reported that the load improvement of the ethylene unit of the new unit Zhejiang Petrochemical Co., Ltd., and the follow-up of the ethylbenzene and styrene units are expected. Dalian Hengli Petrochemical styrene plant is also in the process of production.