The recent probability of crude oil exhibiting a relatively strong performance is high, which continues to provide a certain degree of support for styrene. The broad balance in supply and demand at the benzene end has improved, but its impact on styrene is not significant, and it is likely to mainly follow the trend of styrene.
From the perspective of styrene's own supply and demand performance, although the expected increase in domestic supply has declined slightly, the broad balance will continue, and terminals will continue to accumulate inventory, exerting downward pressure on prices. Overall, in the absence of a substantial surge in crude oil prices, styrene has a probability of experiencing oscillating and corrective movements in the near term.
