On the 15th, Wanhua Chemical Group Co., Ltd. increased the styrene price in East China by 100 yuan/ton, with the latest quotation at 7,400 yuan/ton. In North China, the styrene price was also raised by 100 yuan/ton, with the latest quotation at 7,250 yuan/ton, while sales remained stable. PriceSeek's analysis of styrene indicates a bullish-bearish score of 1.5. Wanhua Chemical has raised styrene quotations in East and North China by 100 yuan/ton, with the latest prices at 7,400 yuan/ton in East China and 7,250 yuan/ton in North China, and sales remain stable. This price increase reflects tightening market supply or strengthening demand, which is favorable for spot prices. Combined with the recent upward trend in styrene futures contracts (such as the 2605 contract settlement price of 7,206 yuan/ton), the expected rise in spot prices is likely to drive further increases in futures prices, boosting market confidence among bulls. The score is based on the significant price increase, which falls into the category of moderately strong positive news.
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