SunSirs: Shandong Styrene Market Was Declining on June 13th

https://www.chemnet.com   Jun 14,2023

　　According to the Commodity Market Analysis System of SunSirs, the styrene market fell on June 13th. The price of styrene in Shandong was 7,508.33 RMB/ton, a decrease of 2.43% and a year-on-year decrease of 32.36%.

　　Analysis review

　　The international oil price had significantly decreased, costs were poor, domestic production enterprises were reducing prices to promote, and the styrene market continued to decline. The styrene market maintained a bearish attitude in the hot off-season

　　Market outlook

　　It is expected that the styrene market will decline in the short term.

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