On January 16, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest styrene price at 7,060 yuan per ton, an increase of 30 yuan per ton compared to the previous trading day. PriceSeek analysis of styrene shows a bullish-bearish score of 1. The spot price of styrene has increased by 30 yuan per ton to 7,060 yuan per ton, indicating tight market supply or increased demand, which is favorable for spot prices and supports short-term price increases. Combined with futures data, the closing price of the main styrene futures contract 2602 was 7,103 yuan per ton, up 35 yuan. Changes in open interest reflect positive market expectations, and this spot price increase may reinforce the upward trend in futures prices, benefiting the performance of futures contracts.
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