March 18th News: On March 18th, Lihuayi Weiyuan Chemical Co., Ltd. announced the latest styrene price at 9,850 yuan per ton, a decrease of 150 yuan per ton compared to the previous trading day. Chempricehub analyzed styrene with a long-short rating of -1. The spot price of styrene fell by 150 yuan per ton to 9,850 yuan per ton compared to the previous trading day, a decline of approximately 1.5%, reflecting increased market supply or weakened demand, which constitutes a significant bearish factor for spot prices. Combined with futures market data, the settlement price of the main contract 2605 on March 17th was 9,935 yuan, down 102 yuan, with open interest increasing by 16,410 lots, indicating a strengthening bearish sentiment in the market. The decline in spot prices may further drag down futures prices, particularly putting pressure on near-month contracts, and a continued downtrend is expected in the short term.