January 30th News: On January 29th, the closing price of the styrene market in Asia rose by USD 15 per ton, with closing prices at USD 1000-1010 per ton FOB Korea and USD 1005-1015 per ton CFR China. Chempricehub's analysis of styrene, with a long-short score of +1.5, indicates that spot prices in Asia increased by USD 15 per ton. FOB Korea was quoted at USD 1000-1010 per ton, while CFR China was quoted at USD 1005-1015 per ton, reflecting tight supply and demand in the spot market, driven by strong demand or reduced supply pushing prices higher. Combined with futures market data, the main styrene contract 2603 on the Dalian Commodity Exchange closed at CNY 7913 per ton, up by CNY 123 from the previous day, with open interest increasing by 9,757 lots. This shows that the futures market is actively responding to the spot price increase, with investors expecting further price gains in the future and strong bullish sentiment in the market. Therefore, a score of +1.5 is assigned, indicating a strong positive impact, with both spot and futures prices expected to continue rising.