April 23 News – On April 22, the styrene market in Asia saw a price increase of USD 10/ton at closing. The FOB Korea closing price was USD 1,325–1,335/ton, while the CFR China closing price stood at USD 1,280–1,290/ton. According to Chempricehub's analysis of styrene, the bullish-bearish rating stands at +1.

The article reports a spot price increase of USD 10/ton for styrene in Asia, with FOB Korea closing at USD 1,325–1,335/ton and CFR China at USD 1,280–1,290/ton, indicating tight supply or increased demand, which is positive for spot prices. In conjunction with futures data, the main styrene futures contract, such as the 2605 contract, closed at 9,800 RMB/ton, up by 93 RMB, with changes in open interest reflecting heightened market activity. The rise in spot prices may further support the upward trend in futures prices. Therefore, a rating of +1 is assigned, representing a generally bullish outlook, based on positive spot market signals and futures data reinforcing expectations of an upward price trend.