Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market rose on May 8th. The price of styrene in Shandong was 8,138.33 RMB/ton, an increase of 0.33% compared to the previous trading day and a year-on-year decrease of 18.76%.
Analysis review
The international oil price had rebounded significantly, and cost support was good.
Market outlook
In late May, there will be an increase in the maintenance of styrene units, and it is expected that the styrene market will be mainly volatile and lower in the short term.
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