The probability of crude oil exhibiting a relatively strong performance in the near term is high, providing some degree of support to styrene. The broad balance in supply and demand for benzene has improved to some extent, but its impact on styrene remains insignificant, with the trend of styrene likely to be the main focus.
From the perspective of styrene’s own supply and demand dynamics, although the expected increase in domestic supply has declined slightly, the broad balance will persist, and terminals will continue to accumulate inventory, exerting downward pressure on prices. Overall, in the absence of a significant surge in crude oil prices, styrene has a probability of experiencing oscillating and corrective movements in the near term.
