The styrene market fell on November 23. Shandong’s styrene production was 8066.67 yuan/ton, down 0.92% from the previous trading day and 5.93% year on year. Recently, the spot price of styrene has declined due to shocks. The US dollar price of styrene in Asia fell, while the price of pure benzene fluctuated at a low level, and the cost support was weak. At present, the supply of styrene is increasing, and the downstream is purchasing on demand. The market transaction is not good, and the pressure on styrene shipment is great, so the market is falling. The spot stock of styrene is abundant, and the short-term styrene market is expected to fall mainly.
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