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Chempricehub Alert: Asian Styrene Prices Drop by $5 per Ton
Published on 2026-01-29
January 28th news: On January 27th, the closing price of the styrene market in Asia fell by $5 per ton, with closing prices at $965–975 per ton FOB Korea and $975–985 per ton CFR China. Chempricehub's analysis of styrene indicates a bearish sentiment score of -1. The article notes that on January 27th, the spot price of styrene in Asia dropped by $5 per ton, closing at $965–975 per ton FOB Korea and $975–985 per ton CFR China, suggesting market oversupply or weak demand, which exerts short-term downward pressure on spot prices. Combined with the performance of styrene futures contracts on the Dalian Commodity Exchange—such as the 2603 contract settling at 7,627 yuan per ton (down 74 yuan) and the 2604 contract settling at 7,566 yuan per ton (down 74 yuan)—the futures market overall shows a downward trend. Changes in open interest indicate a reduction in positions for some contracts, possibly reflecting bearish sentiment among investors and further dragging down futures prices.