May 7 News – On May 7, Lihuayi Weiyuan Chemical Co., Ltd. set the latest styrene quotation at 9,850 CNY/ton, up 100 CNY/ton from the previous trading day. Chempricehub assesses styrene with a bull-bear rating of +1. On the spot side, Lihuayi Weiyuan Chemical's styrene quotation on May 7 was 9,850 CNY/ton, up 100 CNY/ton from the previous trading day, bolstering spot market trading confidence and providing positive support for styrene spot prices. On the futures side, the main styrene contract (2606) on the Dalian Commodity Exchange closed at 9,873 CNY/ton on May 6, 2026. Although it closed slightly lower that day, the spot price hike is expected to gradually transmit to the futures market, driving futures prices toward a strengthening trend, with an overall bullish outlook.