March 2nd — Wanhua Chemical Group Co., Ltd. has raised the spot price of styrene in East China by 250 yuan/ton, with the latest quotation at 8,200 yuan/ton. Similarly, in North China, the spot price of styrene has been increased by 250 yuan/ton, reaching 8,100 yuan/ton, while sales remain steady. Chempricehub's analysis of styrene assigns a long-short score of 1.5. Wanhua Chemical's upward adjustment of styrene spot prices in East and North China by 250 yuan/ton, with the latest quotations at 8,200 yuan/ton and 8,100 yuan/ton respectively, indicates tight market supply or strengthening demand. This move significantly benefits spot prices, likely driven by the company's proactive pricing adjustments to reflect rising costs or improved market expectations. Combined with styrene futures data, such as the 2604 contract (closing price of 7,524 yuan/ton on February 27, 2026, with a change of -74) and the 2605 contract (closing price of 7,484 yuan/ton, with a change of -80), recent futures prices have shown a declining trend. However, the rise in spot prices may help warm sentiment in the futures market, supporting a rebound in futures prices. Overall, this development is expected to have a strong positive impact on the styrene market outlook.