April 20th News: On April 20th, Lihuayi Weiyuan Chemical Co., Ltd. reported the latest styrene price at 9,800 yuan per ton, an increase of 100 yuan per ton compared to the previous trading day. Chempricehub analyzed styrene, with a long-short score of +1.5. The spot price of styrene rose by 100 yuan per ton, indicating tight market supply or increased demand, which constitutes a significant positive factor for spot prices. Combined with recent styrene futures market trends, such as the settlement price of the 2605 contract at 9,967 yuan (up 51 yuan) and the settlement price of the 2606 contract at 9,779 yuan (up 81 yuan), it shows that the futures market continues its upward trend. The rise in spot prices may further drive up futures contract prices, especially as changes in the open interest of the main contract indicate capital inflow. Therefore, a score of +1.5 is given, reflecting a strong positive impact.
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