The styrene market fell on October 11. Shandong’s styrene production price was 9325.00 yuan/ton, down 1.06% from the previous trading day and 5.33% year on year.
According to the data of the business agency, the spot price of styrene has dropped in the recent shock. International crude oil futures closed lower, and the focus of pure benzene market rose. However, the inventory of ports in East China rose, and domestic supply also increased. The pressure on styrene inventory was high. Some downstream manufacturers had expected to stop production and reduce production. The demand decreased, and the spot market of styrene weakened. Downstream spot demand for styrene is weak, and the short-term styrene market is expected to decline mainly.
| PVA |