There is currently no effective and sustained rebound expected for crude oil, which has no supporting effect on styrene. The pure benzene end remains dominated by weak expectations, with cost continuing to weigh on styrene prices.
Styrene's own supply and demand remain in a tight balance, and some styrene plants have certain maintenance plans, which will likely increase the degree of tight balance. However, the market lacks overall confidence in spot goods. With a standoff between bullish and bearish forces, the market is likely to experience narrow-range fluctuations.
