February 10th News — On February 9th, the closing price of styrene in the Asian market fell by USD 17.5 per ton, settling at USD 950–955 per ton FOB Korea and USD 950–955 per ton CFR China. Chempricehub's analysis of styrene indicates a bearish sentiment with a score of -1.5. The report highlights that spot prices in Asia dropped by USD 17.5 per ton, closing at USD 950–955 per ton (FOB Korea/CFR China), suggesting increased supply or weak demand, which significantly weighs on spot prices. Combined with futures data, styrene futures contracts (e.g., the 2603 contract settled at CNY 7,547 per ton, down 111; the 2604 contract settled at CNY 7,506 per ton, down 107) generally declined. Changes in open interest show reductions in some contracts (e.g., a decrease of 20,672 in the 2603 contract), reflecting a strengthening bearish sentiment in the market. The overall score is -1.5 (between moderately 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.