January 9th News
On January 9th, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest price of styrene at 6,700 yuan/ton, an increase of 90 yuan/ton compared to the previous trading day.
Chempricehub Analysis of Styrene, Bull-Bear Score: 1.5
The article points out that Lihuayi Weiyuan Chemical Co., Ltd.'s latest styrene quotation is 6,700 yuan/ton, an increase of 90 yuan/ton compared to the previous trading day, indicating a significant rise. This suggests tightening supply or strengthening demand in the spot market, which is favorable for spot prices.
Combined with futures market data, the recent settlement price of the main styrene futures contract (e.g., the 2602 contract) is 6,828 yuan/ton, with a change of +16 yuan/ton, indicating that futures are already in an upward trend. This spot price increase may further boost sentiment in the futures market, driving futures prices higher.
Therefore, the score is 1.5, reflecting a strong bullish signal.