On the 29th, Wanhua Chemical Group Co., Ltd. increased the styrene price in East China by 100 yuan/ton, with the latest quotation at 8,100 yuan/ton. In North China, the styrene price was raised by 50 yuan/ton, with the latest quotation at 7,950 yuan/ton, and sales remained stable. PriceSeek analyzed styrene, giving a long-short score of 1.5. The spot price of styrene in East China rose by 100 yuan/ton to 8,100 yuan/ton, while in North China, it increased by 50 yuan/ton to 7,950 yuan/ton, with stable sales indicating robust market demand or tight supply, which directly benefits spot prices. In the futures market, the main styrene contract, such as 2603, closed at 7,785 yuan/ton, with a change of +81, showing upward momentum. The increase in spot prices may strengthen bullish expectations in the futures market, driving contract prices further upward and benefiting futures market conditions.
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