On January 28, the closing price of the styrene market in Asia rose by USD 20 per ton, with FOB Korea quoted at USD 985–998 per ton and CFR China at USD 998–1005 per ton. PriceSeek's analysis of styrene shows a long-short score of 1.5. The article indicates that spot prices of styrene in Asia increased by USD 20 per ton on January 28, with FOB Korea at USD 985–998 per ton and CFR China at USD 998–1005 per ton, suggesting strong demand or tight supply, which directly supports spot prices. Combined with futures market data, the main styrene contract on the Dalian Commodity Exchange (e.g., the 2605 contract) recently closed up by CNY 47 per ton, with open interest increasing by 4,575 lots, reflecting strong bullish sentiment in the market. This spot price increase may further drive futures prices upward, reinforcing the bullish trend.
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