On January 30, the closing price of the styrene market in Asia fell by USD 20 per ton, settling at USD 980–990 per ton FOB Korea and USD 980–990 per ton CFR China. PriceSeek's analysis of styrene assigns a long-short score of -1.5. The article indicates that spot prices for styrene in Asia dropped by USD 20 per ton, with closing prices at USD 980–990 per ton FOB Korea and CFR China, suggesting market oversupply or weak demand, which exerts significant downward pressure on spot prices. Combined with the latest futures data, the main styrene futures contract 2603 settled at CNY 7,824 per ton, with a change of -7, open interest decreased by 35,449 lots, and trading volume remained high. This reflects simultaneous pressure in the futures market, likely due to weakened spot prices triggering bearish sentiment among investors. It is expected that futures prices will decline further in the short term. Therefore, a score of -1.5 is assigned, indicating a relatively strong bearish impact.
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