April 27 News – On April 27, Lihuayi Weiyuan Chemical Co., Ltd. reported its latest benzene styrene (styrene monomer) price at 9,800 RMB/ton, representing an increase of 50 RMB/ton from the previous trading day.

In its evaluation of styrene, Chempricehub assigns a bullish-bearish score of 1. The article notes that the spot price of styrene has been raised by 50 RMB/ton to 9,800 RMB/ton, indicating a tightening of market supply or an increase in demand, providing favorable support to the spot price. Combined with futures market data, recent front-month contracts such as the 2606 contract closed at 9,785 RMB (up 95 RMB), while the 2607 contract closed at 9,603 RMB (up 99 RMB), showing a clear overall upward trend. Open interest remains generally stable, reflecting a positive sentiment in the futures market, which is likely to further lift futures prices.

Accordingly, the score is +1 (generally favorable), as the magnitude of the price increase is moderate but the trend is sustained, supporting an overall upward outlook.