Price trend
On December 22, the styrene market fluctuated and consolidated. The price of styrene in Shandong was 8,041.67 RMB/ton, unchanged from the previous trading day, with a year-on-year increase of 0.52%.
Analysis review
The crude oil market rose at night, with good cost support. The downstream maintained just demand for bargain hunting and replenishment, the styrene market was in shock and consolidation. Lianyungang 600,000 t/a styrene plant will postpone to be put into production, which bring some benefits to the market.
Market outlook
It is expected that the styrene market will mainly rise in the short term.
