Recently, crude oil and pure benzene have exhibited a slightly stronger overall performance, providing a certain degree of underlying support to styrene.
However, in the short term, they have not yet generated a significant bullish momentum for styrene. From the perspective of styrene’s own supply and demand, although port inventories are operating at relatively low levels, with the resumption of some factories, the supply and demand situation is gradually shifting towards a broader balance. It just takes time for the accumulation of inventories to become evident at the ports. Therefore, it is expected that spot prices and basis spreads will remain in a relatively strong state.
