April 22 News — On April 21, the closing price of styrene in the Asian market fell by USD 22.5/ton. The FOB Korea closing price was USD 1315–1325/ton, while the CFR China closing price was USD 1270–1280/ton.

Chempricehub's analysis of styrene, with a long-short rating of -1, reported that on April 21, 2026, the closing price of styrene in the Asian spot market dropped by USD 22.5/ton. The FOB Korea price was USD 1315–1325/ton, and the CFR China price was USD 1270–1280/ton. This indicates an increase in spot market supply or weak demand, directly leading to a decline in styrene spot prices and exerting downward pressure on traders and downstream enterprises.

At the same time, combined with futures market data for the day, major styrene contracts such as 2605 (closing price 9685 yuan/ton, down 123 yuan) and 2606 (closing price 9525 yuan/ton, down 94 yuan) generally declined. Changes in open interest reflected a strengthening bearish sentiment in the market (e.g., the 2605 contract saw a decrease of 11,495 lots). The futures price trend aligned with the spot market, and prices are expected to remain under pressure in the short term.

A rating of -1.0 reflects a significant but not extreme price decline, indicating a general bearish outlook.