On February 3, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest price of styrene at 7,500 yuan/ton, a decrease of 200 yuan/ton compared to the previous trading day. PriceSeek's analysis of styrene shows a long-short score of -1.5. The article indicates that the spot price of styrene has dropped by 200 yuan/ton to 7,500 yuan/ton, suggesting increased market supply or weak demand, which constitutes a significant bearish factor for spot prices. Combined with futures data, although the main styrene futures contract (e.g., the 2605 contract settlement price of 7,521 yuan/ton, with a change of +29) has partially risen, the spot price decline may reinforce bearish sentiment in the futures market, putting pressure on future contracts. The overall score of -1.5 reflects a generally strong bearish influence, as the decline is significant but not an extreme event.
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