Last week, the rebound in crude oil prices provided slight support to styrene prices towards the weekend. Benzene tracked the fluctuations of styrene prices but did not have a significant impact on styrene. In terms of supply and demand, domestic supply further increased, while downstream demand remained largely stable.
As a result, supply and demand were in a slightly balanced state. However, due to the slowdown in shipments from factories, port inventory has not yet entered a phase of continuous accumulation. Therefore, after a round of price declines, prices have temporarily entered a state of narrow fluctuation.
