Weak expectations persist regarding crude oil and cost-side dynamics, exerting bearish pressure on styrene prices. For styrene, the implementation progress of maintenance plans at production facilities remains slow, with destocking advancing at a sluggish pace and supplies in some regions still ample. On the downstream side, rigid demand remains stable, but expectations for spot demand are poor. Early-month expectations of contract feedstock consumption have led to a “price up, volume down” phenomenon in spot transactions.
Overall, supply-demand expectations remain in a state of tension. It is anticipated that the styrene market will likely experience narrow range-bound fluctuations at the beginning of the month.
