Recently, crude oil and pure benzene have shown a slightly stronger overall performance, providing a certain degree of underlying support for styrene.
However, in the short term, they have not yet formed an effective bullish driver for styrene. Looking at styrene's own supply and demand dynamics, although port inventories are operating at relatively low levels, with the resumption of some factories, the supply and demand are gradually shifting towards a broader balance. It just takes time for the accumulation of inventories to become apparent at the ports. Therefore, it is expected that the spot prices and basis will remain in a relatively strong state.
