Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market fell on June 28th. The price of styrene in Shandong was 7,175.00 RMB/ton, a decrease of 1.71% compared to the previous trading day and a year-on-year decrease of 31.29%.
Analysis review
The international crude oil price had fallen, the pure benzene market was weak and consolidating, and cost support was not good. Although it was approaching the end of the month, downstream procurement still maintained rigid demand, market buying was flat, and the styrene market was declining.
Market outlook
Recently, there has been a significant return in device maintenance, and it is expected that the the styrene market will mainly decline in the short term.
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