On January 12, the closing price of the styrene market in Asia rose by USD 20/ton, with closing prices at USD 880-890/ton FOB Korea and USD 890-900/ton CFR China. PriceSeek's analysis of styrene shows a bullish-bearish score of +1.5. The article indicates that the spot price of styrene in Asia increased by USD 20/ton, with closing prices at USD 880-890/ton FOB Korea and USD 890-900/ton CFR China, suggesting an increase in market demand or tightening supply, which significantly benefits the spot price. Combined with styrene futures market data, such as the closing price of the main contract 2602 at CNY 7,074/ton, an increase of CNY 159, and open interest rising by 2,389 lots, it reflects a simultaneous rise in futures prices and enhanced bullish sentiment in the market. The spot price increase supports the upward trend in futures prices, and it is expected that prices will remain high in the future. Therefore, a score of +1.5 is assigned, indicating a significant positive outlook.
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