Price trend

According to the Commodity Analysis System of SunSirs, the domestic styrene market fluctuated within a certain range after the May Day holiday.

Analysis review

Overall, during the May Day holiday, the supply of raw material benzene was not smooth and prices were lowered. The maintenance of the styrene supply side had ended and entered the restart stage. The low port inventory provided support for prices, while the demand side remained weak. Under the game of supply and demand, styrene had fluctuated.

Market outlook

Looking at the future, the downstream 3S will operate with load reduced and the weak performance of raw material benzene is difficult to change. It is expected that the styrene market will be weaker in the short term.

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