ChemPriceHub Key Alert: Analysis of Styrene Price Decline in Asia

On February 2, the closing price of the styrene market in Asia fell by USD 37.5 per ton, with closing prices at USD 940–950 per ton FOB Korea and USD 940–950 per ton CFR China. PriceSeek's analysis of styrene shows a long-short score of -1.5. The article indicates 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 the 2603 contract, closed at CNY 7,438 per ton, down CNY 231 per ton from the previous day. Trading volume reached 815,340 lots, while open interest decreased by 57,729 lots, indicating simultaneous pressure in the futures market and a continuation of the downward trend. Overall, styrene prices face short-term downward pressure, with a score of -1.5 reflecting a strong bearish impact. However, this is not an extreme event, as the decline has not reached a level of significant bearish influence.