On February 10, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest price of styrene at 7,490 yuan/ton, down 50 yuan/ton from the previous trading day. PriceSeek's analysis of styrene gives a long-short score of -1.5. The spot price of styrene fell by 50 yuan/ton to 7,490 yuan/ton compared to the previous trading day, indicating increased market supply pressure or weak demand, which is bearish for spot prices. In the futures market, styrene futures contracts generally declined on February 9. For example, the settlement price of the main contract 2603 dropped by 111 points to 7,547 yuan, with open interest decreasing by 20,672 lots, suggesting a strengthening bearish sentiment in the market that may drive futures prices further downward. Therefore, a score of -1.5 is assigned, indicating a generally bearish impact.
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