SunSirs: The Styrene Market Showed a Strong Upward Trend (June 09-13)
June 16 2025 09:40:07 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, the styrene market showed a strong upward trend last week, with an average price of 7,870 RMB/ton at the beginning of the week and 8,068 RMB/ton over the weekend, representing a 2.52% increase during the week.
Analysis review
News side: On June 12th, international crude oil futures closed down. The settlement price of the July WTI crude oil futures contract in the United States was $68.04 per barrel, a decrease of $0.11 or 0.2%. Brent crude oil futures settled at $69.06 per barrel in August, a decrease of $0.41 or 0.6%
Cost side: Recently, international oil prices strengthened due to macroeconomic favorable conditions and geopolitical deterioration. Benzene was dragged down by inventory, with a lower increase than crude oil.
Supply and demand side: There was little change in the start of styrene production last week, with equipment resuming production in June and inventory relatively high. From the demand side, the downstream 3S profit had been restored, and the operating rate remained between 50% -60%, indicating that the demand was still acceptable.
Styrene external market: On the 12th, the closing price of styrene in the Asian US dollar market remained stable, with FOB Korea at $895-905 per ton and CFR China at $905-915 per ton.
Market outlook
As of June 13th, crude oil was rebounding strongly in the short term, and styrene was greatly affected by crude oil. With the resumption of styrene maintenance facilities in the future, supply pressure increased, downstream product inventory was high, and the resistance to increasing production had increased. It is expected that the styrene market in the short term will be greatly affected by macro factors and operate in a volatile manner.
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