According to the commodity analysis system of Shengyi Society, the styrene market has slightly declined this week, with an average price of 7184 yuan/ton at the beginning of the week and 7120 yuan/ton over the weekend, a decrease of 0.89% during the week.

News: On September 25th, international crude oil futures almost closed flat. The settlement price of the November WTI crude oil futures contract in the United States was $64.98 per barrel, down $0.01. The settlement price of Brent crude oil futures for December was $68.58 per barrel, an increase of $0.12.
On the cost side, the pure benzene market continues to decline, with prices fluctuating around 6000 yuan/ton. The decline in spot prices in East China has narrowed, and low-priced transactions in Shandong are good. The weekly production has slightly decreased, the processing gap has fluctuated at a low level, port inventory has decreased, the fundamentals are still acceptable, spot prices are firm, and the basis has rebounded. However, high import volume expectations and poor downstream product profits have dragged down the market, resulting in weak expectations.
Supply and demand side: This week, the market has sufficient supply of goods, and port inventory has risen. Downstream stocking is nearing completion, cautious entry into the market, traders are watching closely, and transactions are weak
Styrene external market: On September 18th, the closing price of the styrene market in Asia remained stable, with a closing price of $835-845/ton FOB Korea and $845-855/ton CFR China.
Market forecast: In the future, there may be limited fluctuations in crude oil and raw materials, and downstream demand for styrene is lower than expected. With weak fundamentals, it is expected that the styrene market will consolidate and operate in the short term.