On February 9, the closing price of the styrene market in Asia fell by USD 17.5 per ton, with closing prices at USD 950–955 per ton FOB Korea and USD 950–955 per ton CFR China. PriceSeek’s analysis of styrene shows a bearish score of -1.5. The article reports that spot prices of styrene in Asia dropped by USD 17.5 per ton, with closing prices at USD 950–955 per ton (FOB Korea/CFR China), indicating increased market supply or weak demand, which constitutes a significant bearish factor for spot prices. Combined with futures data, styrene futures contracts (e.g., the 2603 contract settlement price at CNY 7,547 per ton, change -111; the 2604 contract settlement price at CNY 7,506 per ton, change -107) generally declined. Changes in open interest show reductions in some contracts (e.g., the 2603 contract open interest change of -20,672), reflecting a strengthening bearish sentiment in the market. The overall score is -1.5 (between generally bearish and significantly bearish), as the decline is notable but not extreme. It is expected that both spot and futures prices will face downward pressure in the short term.
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