Styrene market continued to rise today. The production price of styrene in Shandong was 8310.00 yuan / ton, up 1.96% from yesterday
Styrene Market Consolidation and price rise. Crude oil prices picked up, pure benzene prices continued to strengthen and cost support improved. Night futures continued to open high and go low, and the upward position reduction led to today’s spot market. The port inventory has decreased, the domestic short-term spot is still tight, some goods are reluctant to sell at low prices, the delivery at the end of the month continues, the market spot is tight, and the market goods are reluctant to sell at low prices. Some northern sources began to arbitrage southward, and some domestic production enterprises increased their prices, but the domestic expectation of styrene increased one after another. In addition, the weak downstream demand restrained the market growth. In the short term, the styrene market is more likely to rise and fall.
Today, the price of styrene in Shandong is around 8200-8500 yuan / ton.
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