SunSirs: Shandong Styrene Market Slightly Declined on May 11th
May 12 2023 13:40:12     SunSirs (John)Price trend
According to the Commodity Market Analysis System of SunSirs, the styrene market fell on May 11th. The price of styrene in Shandong was 8,121.67 RMB/ton, a decrease of 0.43% compared to the previous trading day and a year-on-year decrease of 17.13%.
Analysis review
The international oil price had fallen, and cost support was poor. Recently, there were maintenance equipment restarted and new equipment entered the production stage for styrene.
Market outlook
It is expected that the styrene market will fluctuate and decline in the short term.
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