Price trend
The styrene market fell on February 3. Shandong styrene price was 8,550.00 RMB/ton, down 0.77% from the previous trading day and down 4.04% year-on-year.
Analysis review
The price of crude oil in the night market continued to fall, and the cost support was poor. As of February 3, the styrene supply was abundant, while the recovery of the downstream still needed time.
Market outlook
It is expected that the styrene market will fall mainly in a short time.
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