SunSirs: Shandong Styrene Market Slightly Declined

https://www.chemnet.com   Oct 09,2023 SunSirs

According to the Commodity Market Analysis System of SunSirs, the styrene market fell on October 8th. The price of styrene in Shandong was 8,846.67 RMB/ton, a decrease of 3.14% compared to the previous trading day and a year-on-year decrease of 5.43%.

Analysis review

International oil prices had fallen, cost support was poor, and the styrene market declined. As of October 8th, the outlook for styrene market was poor, and downstream delivery sentiment was relatively resistant.

Market outlook

It is expected that the spot market for styrene will mainly experience a slight decline in the short term.

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