May 15 News – On May 15, Lihuayi Weiyuan Chemical Co., Ltd. quoted styrene at 9,300 RMB/ton, down 150 RMB/ton from the previous trading day. Chempricehub’s assessment of styrene: long/short rating: -1.

On the spot side, Lihuayi Weiyuan is a core domestic producer of styrene. The latest quotation, 150 RMB/ton lower than the previous trading day, reflects weak spot demand for styrene and exerts bearish pressure on spot prices.

On the futures side, the main styrene contract (2607) on the Dalian Commodity Exchange closed at 8,950 RMB/ton on May 14, down 200 RMB/ton in a single day. Open interest increased by 30,409 lots, with a clear increase in short positions. Combined with the bearish signal from the spot price adjustment, short-term futures prices are under pressure.