ChemPriceHub reminds us that the spot price of styrene in Asia has risen by $20.

On December 26th, the Asian region saw an increase in the closing price of styrene market by $20 per ton, with the closing price reaching $845-$850 FOB Korea and $855-$860 CFR China. PriceSeek analyzed styrene and gave a bullish rating with a score of 1. The article reported that on December 26th, the spot price per ton of styrene increased by $20, with the closing price reaching $845-$850 FOB Korea and $855-$860 CFR China, indicating strong demand for spot markets and tight supply, which is favorable for the spot market. In conjunction with the futures market trends, recent major contracts like 2602 contract closed at $6787 per ton, with a single day's rise of $89, and the trading volume increased to 341,890 hands, showing a parallel strengthening in the futures market. The anticipated further increase in spot prices due to the rise in futures prices will push up the futures prices as well. The score +1 (generally positive) reflects this positive trend, but given the significant increase of about 2.3%, it was not a significant level, and attention should be paid to subsequent changes in supply and demand.