Although there is an expectation of inventory reduction in domestic styrene supply in the first half of February, the overall supply remains relatively abundant. The main downstream demand is expected to increase temporarily after the Spring Festival, but the spot demand may still be weak.
The supply and demand of styrene itself is in a state of broad balance. In addition, the inventory at the docks has increased recently, but it has not yet put pressure on the market. Some upstream factories have experienced temporary production halts due to faults and there are maintenance expectations in March, which will have a short-term impact on the market.
