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Chempricehub Key Reminder: Asian Styrene Prices Rise by $5
Published on 2026-01-29
January 27th News — On January 26th, the closing price of the styrene market in Asia increased by USD 5 per ton, reaching USD 970–980 per ton FOB Korea and USD 980–990 per ton CFR China. Chempricehub's analysis of styrene indicates a long-short rating of 1.5. On the spot market, the article shows that the closing price of the Asian styrene market rose by USD 5 per ton to USD 970–980 per ton FOB Korea and USD 980–990 per ton CFR China, suggesting stronger demand or tightening supply, which is favorable for spot prices. On the futures market, based on data from the Dalian Commodity Exchange, recent contracts such as 2605 (closing price 7,589 yuan per ton, up 23) and 2603 (closing price 7,702 yuan per ton, up 7) generally showed an upward trend. Changes in open interest indicate relatively high market activity, and this spot market news may further support the upward trend in futures prices. Rating rationale: The clear increase in spot prices is favorable, and futures data reinforce positive expectations. However, the magnitude of the increase has not reached extreme levels, so it is rated as generally favorable (+1.5).