February 10th News
On February 10th, the latest quotation for styrene from Lihuayi Weiyuan Chemical Co., Ltd. was 7,490 yuan per ton, a decrease of 50 yuan per ton compared to the previous trading day.
Chempricehub's analysis of styrene, with a long-short score: -1.5
The spot price of styrene decreased by 50 yuan per ton to 7,490 yuan per ton compared to the previous trading day, indicating increased market supply pressure or weak demand, which is bearish for spot prices. Combined with the futures market, styrene futures contracts generally declined on February 9th. For example, the settlement price of the main contract 2603 was 7,547 yuan, down 111 points, with open interest decreasing by 20,672 lots. This suggests a strengthening bearish sentiment in the market, which may further drive down futures prices. Therefore, a score of -1.5 is given, indicating a generally bearish impact.