ChemPriceHub Key Alert: Asian Styrene Prices Drop by USD 15 per Ton

On February 5, the closing price of the styrene market in Asia fell by USD 15 per ton, with closing prices at USD 975–985 per ton FOB Korea and USD 975–985 per ton CFR China. PriceSeek’s analysis of styrene indicates a bearish score of -1.5. The report notes that on February 5, Asian styrene spot prices declined by USD 15 per ton, with closing prices ranging from USD 975 to 985 per ton FOB Korea and CFR China, suggesting market oversupply or weak demand, which significantly weighed on spot prices. Combined with futures data, styrene futures contracts on the Dalian Commodity Exchange, such as the 2610 contract, closed at CNY 7,329 per ton, down CNY 64, with a settlement price of CNY 7,369 and an increase of 244 open interest positions, indicating heightened bearish sentiment in the market. The 2603 contract recorded a high trading volume of 858,820 lots, closing at CNY 7,689 per ton with a minimal change of CNY 9, though the overall trend remained weak. The simultaneous decline in futures prices reflects the transmission of spot market weakness to the futures market, with short-term prices expected to remain under pressure. The score of -1.5 indicates a moderately strong bearish outlook, as the decline is moderate, and futures data reinforce downside risks.