February 3rd News — On February 2nd, the closing price of styrene in the Asian market fell by USD 37.5 per ton, settling at USD 940–950 per ton FOB Korea and USD 940–950 per ton CFR China. Chempricehub’s analysis of styrene indicates a bearish score of -1.5. The article notes that spot prices of styrene in Asia declined by USD 37.5 per ton, with closing prices at USD 940–950 per ton FOB Korea and CFR China, suggesting ample market supply or weak demand, which exerts downward pressure on spot prices. Combined with futures data, the main styrene contract on the Dalian Commodity Exchange, such as 2603, closed at CNY 7,438 per ton, down CNY 231 from the previous day, with a trading volume of 815,340 lots and open interest decreasing by 57,729 lots. This indicates simultaneous pressure in the futures market, with the downtrend continuing. Overall, styrene prices face short-term downward pressure, reflected in a score of -1.5, indicating a relatively strong bearish impact. However, this is not an extreme event, as the decline has not reached a level of significant bearishness.