Latest price: The average market price on June 5th was 7970 yuan/ton, a decrease of 0.87% from the previous trading day.
According to the Commodity Analysis System of Shengyi Society, the domestic price of styrene has been weak and declining. In terms of cost, crude oil fluctuates within the range, pure benzene is weakly consolidated, and the raw material side lacks support for styrene. In terms of supply and demand, the recent profit of styrene is still acceptable, and some units have plans to restart in advance. The downstream demand side remains stable with limited increment. Overall, the supply and demand side is expected to weaken. Under the bearish fundamentals, it is expected that the styrene market will operate weakly in the short term.
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