On December 31, the closing price of the styrene market in Asia rose by USD 2.5 per ton, with closing prices at USD 845–855 per ton FOB Korea and USD 855–865 per ton CFR China. PriceSeek's analysis of styrene indicates a long-short score of +1.5. The report notes that on December 31, the spot price of styrene in Asia increased by USD 2.5 per ton, with FOB Korea closing at USD 845–855 per ton and CFR China at USD 855–865 per ton. This suggests tightening supply and demand in the Asian region, driven by increased demand or limited supply, which is favorable for spot prices. Combined with futures market data, the main styrene contract 2602 closed at CNY 6,791 per ton, up by CNY 36 per ton, with a settlement price of CNY 6,815 per ton. Trading volume reached 300,539 lots, and open interest stood at 311,328 lots, indicating strong bullish sentiment in the market. The upward trend in the main contract aligns with the movement in spot prices, suggesting that futures prices may continue to rise, which is favorable for long positions. The score of +1.5 reflects a generally favorable and moderately strong outlook, with significant but not extreme price increases.
Comments
0