January 7th News — On January 6th, the closing price of the styrene market in Asia rose by USD 5 per ton, with closing prices at USD 845–855 per ton FOB Korea and USD 855–865 per ton CFR China.

Chempricehub's analysis of styrene, with a long-short score of +1.5, indicates that on January 6th, the spot price of styrene in Asia increased by USD 5 per ton overall. FOB Korea was quoted at USD 845–855 per ton, and CFR China at USD 855–865 per ton, suggesting demand-side support or tightening supply, which is favorable for spot prices.

Combined with futures market data, the main styrene contracts, such as 2602 (closing price at 6,811 yuan per ton, up 31 yuan) and 2603 (closing price at 6,862 yuan per ton, up 24 yuan), both showed an upward trend. Active trading volumes (e.g., 255,208 lots for the 2602 contract) and changes in open interest indicate increased market participation, reinforcing bullish expectations.

Therefore, a score of +1.5 is assigned, reflecting strong positive sentiment. It is expected that both spot and futures prices may continue to rise in the short term.