SunSirs: Styrene Market Rose Slightly on May 6
May 07 2022 09:50:06 SunSirs (John)Price trend
On May 6, the styrene market rose slightly. The production price of styrene in Shandong was 10,033.33 RMB/ton, up 1.69% from the previous trading day and up 2.03% year-on-year.
Analysis review
On May 6, the spot price of styrene rose slightly. International crude oil prices continued to rise, pure benzene stocks were slightly tight, prices rose, and the cost support for styrene was strong. Part of the downstream just needed replenishment, the styrene market had a good transaction, and the styrene market in Shandong was higher.
Market outlook
Styrene is likely to follow the trend of crude oil, and it is expected that the styrene market will mainly rise in the short term.
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