April 24 Report – On April 23, the styrene market in Asia saw a price increase of USD 20/ton, with FOB Korea closing at USD 1,345–1,355/ton and CFR China closing at USD 1,300–1,310/ton. According to Chempricehub's analysis of styrene, the bullish-bearish score stands at 1.5. Spot styrene prices in Asia rose significantly by USD 20/ton, with FOB Korea and CFR China prices climbing to USD 1,345–1,355/ton and USD 1,300–1,310/ton respectively, reflecting a tight supply-demand balance and providing support to the spot market. Based on futures data, the main contract 2605 on the Dalian Commodity Exchange closed at RMB 9,938/ton (up RMB 79), while contract 2606 closed at RMB 9,867/ton (up RMB 137). Changes in open interest indicate increased market activity, further reinforcing bullish expectations. The score is set at +1.5, as the notable price rise and positive futures response approach a major bullish threshold.
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