April 7th News — On April 3rd, the closing price of the styrene market in Asia rose by USD 30/ton, with closing prices at USD 1405–1420/ton FOB Korea and USD 1380–1400/ton CFR China. Chempricehub analyzed styrene with a long-short rating of +2. The article indicates that on April 3rd, the spot price of styrene in Asia surged by USD 30/ton, with FOB Korea quoted at USD 1405–1420/ton and CFR China at USD 1380–1400/ton, reflecting tight supply and demand in the spot market, strong demand or reduced supply, which is favorable for spot prices. Combined with futures data, the main styrene contracts, such as the 2605 contract closing at CNY 10,596/ton (up CNY 262) and the 2606 contract closing at CNY 10,400/ton (up CNY 258), show a broad upward trend across contracts. High open interest and trading volume indicate strong bullish sentiment in the market, and futures prices are expected to continue rising driven by spot prices. Considering the performance of both spot and futures markets, this news constitutes significant positive news for styrene prices, with a rating of +2.