Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market rose on July 4th. The price of styrene in Shandong was 7,255.00 RMB/ton, an increase of 0.65% compared to the previous trading day and a year-on-year decrease of 30.86%.
Analysis review
After a sharp rise in international oil prices during the day, then it closed down, and cost support was poor. However, there were more bargains to replenish at the beginning of the month, and the styrene market slightly rose.
Market outlook
Recently, there has been a significant return in maintenance devices, and it is expected that the styrene market will mainly decline in the short term.
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