May 11 News - On May 11, Lihuayi Weiyuan Chemical Co., Ltd. updated its styrene quotation to 9,300 CNY/ton, down 170 CNY/ton from last Saturday. Chempricehub's assessment of styrene gives a bullish/bearish rating of -1. In the spot market, Lihuayi Weiyuan's styrene quotation of 9,300 CNY/ton on May 11, down 170 CNY/ton from last Saturday, reflects a relatively loose supply-demand balance in the current spot market, exerting generally bearish pressure on spot prices. In the futures market, the main contract for styrene (2607) on the Dalian Commodity Exchange closed at 9,059 CNY/ton on May 8, down 261 CNY/ton in a single day. Open interest increased by 17,297 lots period-on-period, indicating strong bearish forces, and short-term futures prices are more likely to face downward pressure.