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.
