On January 14, the closing price of the styrene market in Asia rose by USD 7.5 per ton, reaching USD 890–905 per ton FOB Korea and USD 900–915 per ton CFR China. PriceSeek's analysis of styrene indicates a bullish-bearish score of 2. The article highlights that spot prices of styrene in Asia increased by USD 7.5 per ton, with closing prices reaching USD 890–905 per ton FOB Korea and USD 900–915 per ton CFR China, suggesting tight market supply-demand dynamics or strengthening demand, which directly benefits spot prices. Combined with styrene futures data, such as the main contract 2602 closing at CNY 7,116 per ton (up CNY 51) and contract 2603 closing at CNY 7,179 per ton (up CNY 55), futures prices generally rose, and changes in open interest reflect strong market optimism. The content of the article reinforces expectations of further price increases, providing additional support for futures prices and overall constituting a significant positive factor.
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