March 24th News
On March 24th, Lihuayi Weiyuan Chemical Co., Ltd. reported the latest styrene price at 10,400 yuan/ton, an increase of 250 yuan/ton compared to the previous trading day.
Chempricehub Analysis of Styrene
Bull-Bear Score: +1.5
The article reports that the spot price of styrene has increased by 250 yuan/ton to 10,400 yuan/ton, indicating tight market supply or increased demand, which is favorable for spot prices. Combined with futures data from March 23, 2026, the settlement price of the main styrene futures contract (e.g., 2605) was 10,632 yuan/ton, up 595 yuan, with open interest increasing by 54,633 lots, reflecting a strong bullish trend. This spot price increase may further drive up futures prices, reinforcing market optimism. Therefore, a score of +1.5 is assigned (between moderately bullish and significantly bullish).
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