February 4th News — On February 3rd, the closing price of the styrene market in Asia rose by USD 30 per ton, reaching USD 975–980 per ton FOB Korea and USD 975–980 per ton CFR China. Chempricehub's analysis of styrene, with a long-short score of +1.5, indicates that the spot price of styrene in Asia increased by USD 30 per ton to USD 975–980 per ton FOB Korea and CFR China on February 3rd, representing a rise of approximately 3.2%. This suggests strong demand or tightening supply, which has significantly benefited the spot market. In the futures market, the main styrene contract 2603 closed at CNY 7,661 per ton, with a settlement price of CNY 7,583 per ton. Although it experienced a slight decline of CNY 10 on the day, the rise in spot prices may shift futures market sentiment toward optimism. The change in open interest, down by 7,846 lots, indicates some short positions being reduced. Coupled with high trading volume (716,053 lots), the market demonstrates ample liquidity, and future futures prices may be supported by the spot market and trend upward. Overall, the rating is generally favorable (+1.5), as the price increase is significant but not driven by extreme events.