April 13th News — On April 10th, the closing price of the styrene market in Asia fell by US$20/ton. The FOB Korea closing price was US$1,350–1,360/ton, while the CFR China closing price was US$1,320–1,330/ton.

Chempricehub’s analysis of styrene gave a bearish score of –1. The article indicates that spot styrene prices in Asia dropped by US$20/ton, with FOB Korea quoted at US$1,350–1,360/ton and CFR China at US$1,320–1,330/ton, suggesting that the spot market is facing pressure from oversupply or weak demand, which is bearish for spot prices.

Combined with futures market data, major styrene contracts such as 2605 (closing price 9,943 yuan/ton, down 70 yuan) and 2606 (closing price 9,754 yuan/ton, down 98 yuan) all showed a downward trend. Settlement prices declined, and trading volume was active (e.g., contract 2605 saw a trading volume of 492,398 lots). Changes in open interest indicated a reduction in some contracts (e.g., open interest for contract 2605 decreased by 4,301 lots), reflecting increased bearish sentiment in the market and downward pressure on futures prices.

Overall, the price decline was moderate and did not reach a significant bearish level, hence the rating is generally bearish.