April 8th News: On April 8th, Lihuayi Weiyuan Chemical Co., Ltd. announced the latest styrene price at 10,600 yuan per ton, marking an increase of 300 yuan per ton compared to the previous trading day. Chempricehub's analysis of styrene indicates a bullish-bearish score of +1.5. The spot price of styrene has risen by 300 yuan per ton to 10,600 yuan per ton, suggesting tightening market supply or strengthening demand, which significantly benefits spot prices. Combined with futures data, the closing price of the main styrene futures contract 2605 on the previous trading day (April 7th) was 10,669 yuan per ton, with a daily increase of 306 yuan and open interest rising by 8,004 lots, indicating strong bullish sentiment. The spot price increase may further drive up futures prices, particularly benefiting near-month contracts and reinforcing the upward trend. The score of +1.5 reflects a generally strong positive impact.
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