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SunSirs: Shandong Styrene Market Rose on March 29th

March 30 2023 09:47:45     SunSirs (John)

Price trend

On March 29th, the styrene market rose. The price of styrene in Shandong was 8,441.67 RMB/ton, an increase of 0.90% compared to the previous trading day, and a year-on-year decrease of 10.31%.

Analysis review

International oil prices continued to rise, cost support was strong, styrene port inventory had decreased, and spot transactions were acceptable.

Market outlook

It is expected that the styrene market will mainly fluctuate and rise in the short term.

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