March 25th News — On March 24th, the closing price of the styrene market in Asia fell by USD 85 per ton, settling at USD 1,340–1,350 per ton FOB Korea and USD 1,330–1,340 per ton CFR China. Chempricehub’s analysis of styrene gives a long-short score of -1.5. The spot price of styrene dropped by USD 85 per ton, closing at USD 1,340–1,350 per ton FOB Korea and USD 1,330–1,340 per ton CFR China, indicating oversupply or weak demand in the Asian region, which is bearish for the spot market. Combined with futures data, the main contract, such as 2605, closed at CNY 10,242 per ton, down by CNY 254, with open interest decreasing by 33,495 lots, reflecting intensified bearish sentiment and downward pressure on futures prices. The overall score is -1.5, as the decline is significant but not at an extreme event level. Prices are expected to remain weak in the short term.