April 17th — On April 16th, trading activity in the Asian styrene USD market was relatively subdued. FOB Korea prices settled at USD 1,350–1,370 per ton, with the average price holding steady; CFR China prices settled at USD 1,310–1,330 per ton, down by USD 5 per ton. Chempricehub analyzed styrene, giving a long-short score of –1. The article indicated that trading in the Asian styrene USD market was quiet, with CFR China prices falling by USD 5 per ton to USD 1,310–1,330 per ton. Although FOB Korea prices remained stable, overall demand was weak, exerting downward pressure on spot prices. Combined with market data, the main contract 2605 on the Dalian Commodity Exchange closed at CNY 9,928 per ton, down by 2 points, with open interest decreasing by 11,595 lots, indicating increased bearish sentiment and heightened risks of a correction in futures prices. The score is generally bearish (–1), as both the decline in spot prices and the weakness in the main futures contract reflect insufficient demand and increased selling pressure.
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