SunSirs: On September 23rd, the Focus of the Styrene Market Shifted Downwards

https://www.chemnet.com   Sep 24,2024 SunSirs

Product Name: Styrene

Latest price: 9,210 RMB/ton on September 23rd.  

Analysis review

According to data from SunSirs, the focus of the styrene market was downward on September 23th. As of September 23th, negotiations in the styrene market were relatively light, with a strong wait-and-see attitude, and downstream factories were purchasing as needed. As of September 23th, the crude oil market was mainly volatile, and the short-term impact on promoting the rise of styrene was limited. Recently, there has been an increasing trend in styrene port inventory, and with the approaching of the National Day holiday, the demand for spot goods has relatively decreased.

Market outlook

In the short term, the styrene spot market is expected to experience slight fluctuations within the range.

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