January 23 — On January 22, the closing price of the styrene market in Asia rose by $45 per ton, reaching $965–975 per ton FOB Korea and $978–985 per ton CFR China. Chempricehub analyzed styrene with a bullish-bearish score of +2. The article indicates that on January 22, the spot price of styrene in Asia for FOB Korea and CFR China increased by $45 per ton to $965–975 per ton and $978–985 per ton, respectively, reflecting tight supply and demand conditions, such as increased demand or supply shortages, which are favorable for the spot market. Combined with styrene futures data, the main contract 2603 closed at ¥7,694 per ton, up ¥121, with open interest increasing by 90,248 lots and active trading volume. Contract 2605 closed at ¥7,535 per ton, up ¥99, and changes in open interest indicate a strengthening bullish sentiment in the market. The simultaneous rise in futures prices, along with increased open interest and trading volume, suggests optimistic market expectations, which are favorable for futures price trends. Therefore, the rating is significantly bullish (+2), and it is expected that both spot and futures prices will continue their upward trend.