SunSirs: Poor Mentality, Styrene’s Decline Intensified
March 07 2025 09:14:29 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, on the 6th, the market price of styrene fell, with a daily decline of 0.93%.
Analysis review
Overall, international oil prices have recently fallen, with average support from the raw material side. Supply side production has slightly declined, while port inventory remained high. Downstream production of 3S has been restored to normal levels, but inventory accumulation remained high and there was significant resistance to further increase in production. As of March 6th, styrene was mainly constrained by the decline in crude oil prices, with a strong willingness to ship and a poor mentality, resulting in a continuous decline in styrene prices.
Market outlook
The demand improvement needs to be restored, and it is expected to consolidate and operate after a market decline in the short term.
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