Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market rose on October 17th. The price of styrene in Shandong was 8716.67 RMB/ton, an increase of 1.0016% compared to the previous trading day and a year-on-year decrease of 0.95%.
Analysis review
The international oil price was high, the pure benzene market was rising, and cost support was good. The styrene market was also rising. As of October 17th, the restart of the styrene plant was lower than the reduction in production.
Market outlook
It is expected that the styrene spot market will mainly experience a slight increase in the short term.
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