Commodity News
SunSirs: The Supply and Demand Were Deadlocked, and the Styrene Market Fluctuated and Consolidated
November 16 2022 10:34:35 SunSirs (John)
Price trend
On November 15, the styrene market was shaken and consolidated. Shandong's styrene production price was 8,108.33 RMB/ton, down 9.78% year on year.
Analysis review
The pure benzene market was weak, the cost support was poor, the downstream procurement was based on demand, the supply and demand of styrene was in a stalemate, and the market was stable.
Market outlook
Tianjin Dagu is expected to resume production in the near future, and the inventory will further increase. It is expected that the styrene market will decline mainly in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
Related Information
- 2023-10-18 SunSirs: Shandong Styrene Market Slightly Increased
- 2023-10-10 SunSirs: Shandong styrene market slightly declined October 9th
- 2023-10-09 SunSirs: Shandong Styrene Market Slightly Declined
- 2023-09-20 SunSirs: Shandong Styrene Market Slightly Declined on September 19th
- 2023-09-15 SunSirs: Shandong Styrene Market Was on the Rise on September 14th
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