Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market fell on October 9th. The price of styrene in Shandong was 8,705.00 RMB/ton, a decrease of 1.60% compared to the previous trading day and a year-on-year decrease of 7.64%.
Analysis review
International oil prices had risen, cost support was good, and the decline in styrene market had slowed down. At present, there was an increase in port inventory after the Double Festival, and downstream procurement sentiment was poor.
Market outlook
It is expected that the spot market for styrene will mainly experience a slight decline in the short term.
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