卓创资讯: Styrene bullish and bearish battle, prices initially decline then slightly rebound

K-LinePoet · 2026-02-24T23:00:20+00:00

This week, styrene prices initially declined and then slightly rebounded. As of February 11, the average closing price in the Jiangsu market was 7,620 yuan/ton, down 310 yuan/ton from February 4, a decrease of 3.91%. The earlier decline was mainly due to increased supply and news of restarting facilities after the Spring Festival, while the subsequent slight rebound was primarily supported by inventory reduction at the main port.As the Spring Festival holiday approaches, the weakening of supply and demand fundamentals has put downward pressure on prices, but there are virtually no actual transactions in the East China spot market, and prices are mainly driven by expectations. Currently, market expectations still favor a low inventory accumulation at the main port after the Spring Festival and a macroeconomic outlook that supports prices. Amidst the tug-of-war between bulls and bears, short-term styrene prices are likely to fluctuate with a slight upward trend. (Zhuochuang Information)

K-LinePoet

2026-02-24 23:00:20

This week’s styrene prices initially declined and then slightly rebounded. As of February 11, the average closing price in Jiangsu market was 7,620 yuan/ton, down 310 yuan/ton from February 4, a decrease of 3.91%. The earlier decline was mainly due to increased supply and news of potential restart of units after the Spring Festival. The subsequent slight rebound was mainly supported by inventory reduction at major ports.
As the Spring Festival holiday approaches, the weakening supply and demand fundamentals put downward pressure on prices, but the East China spot market has little actual trading, with prices mainly driven by expectations. Currently, market expectations still favor low inventory accumulation at major ports after the Spring Festival and positive macro outlook post-holiday, providing support for prices. Amid the tug-of-war between bulls and bears, styrene prices are likely to fluctuate mildly in the short term. (Zhuochuang Information)

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