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SunSirs: Shandong Styrene Market Slightly Increased on September 5th

September 06 2023 13:45:45     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the styrene market slightly increased on September 5th. The price of styrene in Shandong was 8,791.67 RMB/ton, an increase of 0.48% compared to the previous trading day and a year-on-year decrease of 3.03%.

Analysis review

International oil prices had risen, cost support was good, and the styrene market followed suit.

Market outlook

Recently, downstream demand increased, and it is expected that the styrene spot market will mainly experience a slight increase in the short term.

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