February 6th News: On February 6th, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest styrene price at 7,650 yuan/ton, a decrease of 110 yuan/ton compared to the previous trading day. Chempricehub analyzed styrene with a long-short rating of -1.5. The spot price of styrene dropped by 110 yuan/ton, indicating ample market supply or weak demand, which constitutes a significant bearish factor for spot prices. Combined with futures data, such as the closing price of the styrene 2603 contract at 7,689 yuan/ton, down 50 yuan, and a decrease in open interest by 10,713 lots, it reflects a strengthening bearish sentiment in the market. This decline in spot prices may further drag down futures prices, with increased short-term downward pressure expected. It is recommended to monitor inventory changes and downstream demand.