Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market fell on July 18th. The price of styrene in Shandong was 7,873.33 RMB/ton, a decrease of 0.21% compared to the previous trading day and a year-on-year decrease of 24.40%.
Analysis review
International oil prices had fallen, cost support was poor, and the styrene market had slightly followed suit. Recently, styrene had experienced a slight decline after a continuous rise, port was destocking, and the subject demand was expected to increase slightly.
Market outlook
It is expected that the styrene market will experience a slight increase in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.