On February 5, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest styrene price at 7,760 yuan/ton, an increase of 110 yuan/ton compared to the previous trading day. PriceSeek analysis of styrene: Bull-Bear Score: 1.5. The spot price of styrene rose by 110 yuan/ton to 7,760 yuan/ton, indicating tight market supply or increased demand, which constitutes a significant positive for spot prices. Combined with futures market data, the main styrene contract 2603 closed at 7,777 yuan/ton on February 4, with a settlement price of 7,747 yuan/ton, a change of +164 yuan, and a change in open interest of -1,075. The new quotation may further drive up futures prices, benefiting futures market sentiment.
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