SunSirs--China Commodity Data Group

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Commodity News

SunSirs: The Price of Crude Oil Fell Continuously and the styrene market fell

February 06 2023 14:09:49     SunSirs (John)

Price trend

The styrene market fell on February 3. Shandong styrene price was 8,550.00 RMB/ton, down 0.77% from the previous trading day and down 4.04% year-on-year.

Analysis review

The price of crude oil in the night market continued to fall, and the cost support was poor. As of February 3, the styrene supply was abundant, while the recovery of the downstream still needed time.

Market outlook

It is expected that the styrene market will fall mainly in a short time.

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