February 9th News On the 9th, Wanhua Chemical Group Co., Ltd. reduced the price of styrene in East China by 150 yuan/ton, with the latest quoted price at 7,950 yuan/ton. In North China, the styrene price was lowered by 100 yuan/ton, with the latest quoted price at 7,850 yuan/ton. Sales remained stable. Chempricehub Analysis on Styrene, Bull-Bear Score: -1 Wanhua Chemical lowered the spot price of styrene, with a reduction of 150 yuan/ton to 7,950 yuan/ton in East China and 100 yuan/ton to 7,850 yuan/ton in North China. The stable sales indicate sufficient market supply or weak demand, which is bearish for spot prices. Combined with styrene futures data, such as the closing price of the 2605 contract at 7,529 yuan/ton (down 82 yuan), it shows that futures prices are already in a downtrend. The spot price reduction may further reinforce bearish expectations, negatively impacting futures prices.