March 17th News — On March 16th, the closing price of the styrene market in Asia rose by USD 20 per ton, reaching USD 1300–1310 per ton FOB Korea and USD 1300–1310 per ton CFR China. Chempricehub's analysis of styrene, with a long-short score of 1.5, reported that the spot closing price of styrene in Asia increased by USD 20 per ton on March 16th, reaching USD 1300–1310 per ton FOB Korea and CFR China, indicating tight supply-demand conditions or increased demand in the spot market, which is favorable for spot prices. Combined with styrene futures data, major contracts such as 2604 closed at CNY 10,146 per ton (up 119 points), and 2605 closed at CNY 10,063 per ton (up 141 points). Active trading volumes (e.g., 1.31 million lots for the 2604 contract) and changes in open interest reflect increased market participation, reinforcing expectations of rising futures prices. Overall, both the spot and futures markets show positive signals, supporting upward price trends. However, the increase has not yet reached extreme levels, thus it is rated as a moderately significant positive development.