January 4th News — On December 31st, the closing price of the styrene market in Asia rose by $2.5 per ton, with closing prices at $845–855 per ton FOB Korea and $855–865 per ton CFR China. Chempricehub's analysis of styrene shows a long-short score of +1.5. The report indicates that on December 31st, the spot price of styrene in Asia increased by $2.5 per ton, with FOB Korea closing at $845–855 per ton and CFR China at $855–865 per ton. This suggests tightening supply and demand in the Asian region, driven by increased demand or limited supply, which is favorable for spot prices. Combined with futures market data, the main styrene futures contract 2602 closed at 6,791 yuan per ton, up 36 yuan per ton, with a settlement price of 6,815 yuan per ton. Trading volume reached 300,539 lots, and open interest stood at 311,328 lots, indicating strong bullish sentiment in the market. The upward trend in the main contract aligns with the movement in spot prices, suggesting that futures prices may continue to rise, benefiting long positions. The score of +1.5 reflects a generally favorable and moderately strong outlook, with significant but not extreme price increases.