Price trend
The styrene market fell on October 13. Shandong's styrene production price was 8,975.00 RMB/ton, down 1.64% from the previous trading day and down 10.16% year on year.
Analysis review
Recently, the spot price of styrene dropped significantly. There was a maintenance plan for the downstream of styrene in North China, and the demand was lower. In addition, the port inventory in East China was higher, and the market confidence was insufficient, and the downstream buying was cautious. Transactions were poor, and the styrene market fell.
Market outlook
Downstream spot demand for styrene is weak, and the styrene market is expected to decline mainly in the short term.
If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com