The supply and demand dynamics of benzene at the raw material end have not undergone significant changes, and the cost side fails to provide effective support to styrene. Furthermore, there is a possibility that it may even exert a drag effect, especially when downstream maintenance of pure benzene is taking place.
From the perspective of styrene's own supply and demand performance, although there was a reduction in domestic supply in March, the demand side did not witness any notable increase in capacity. The overall supply and demand are likely to reach a balanced stage, providing some support to prices but with insufficient overall strength. Therefore, in March, styrene prices have a probability of weakening with oscillations before experiencing a slight rebound.
