March 13 News — On March 12, the closing price of the styrene market in Asia rose by $5 per ton, settling at $1,265–$1,275 per ton FOB Korea and $1,265–$1,275 per ton CFR China. Chempricehub's analysis of styrene indicates a bullish-bearish score of 1. The spot price of styrene in Asia increased by $5 per ton, closing at $1,265–$1,275 per ton (FOB Korea and CFR China), suggesting tight market supply or increased demand, which is favorable for spot prices. Combined with data from Dalian Commodity Exchange's styrene futures contracts, such as the 2604 contract settlement price of 10,295 yuan per ton (up/down 578 yuan per ton) and the 2605 contract settlement price of 10,104 yuan per ton (up/down 641 yuan per ton), futures prices generally rose. Changes in open interest and trading volume indicate active market conditions and strengthened bullish sentiment, further supporting the upward trend in futures prices.
Comments
0