According to the commodity analysis system of Shengyi Society, the styrene market has slightly declined this week, with an average price of 7862 yuan/ton at the beginning of the week and 7838 yuan/ton over the weekend, a decrease of 0.31% during the week.

News: On April 24th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was $62.79 per barrel, an increase of $0.52 or 0.8%. The settlement price of the main Brent crude oil futures contract was $66.55 per barrel, an increase of $0.43 or 0.7%.
Cost aspect: The domestic pure benzene market price has fallen. International crude oil futures closed lower, downstream styrene market declined, Shandong refineries lowered their quotes, downstream demand for gas was slightly average, and the market atmosphere was bearish.
Supply and demand side: The supply side is shifting from strong to weak, and some maintenance devices are scheduled to restart at the end of April or early May. Downstream EPS demand mutually warms up, but FS and ABS are affected by tariff policies, resulting in a buildup of finished products and constraining demand for styrene.
Styrene external market: On the 24th, the closing price of styrene in the Asian US dollar market fell by $15/ton, with FOB Korea at $880-890/ton and CFR China at $890-900/ton.
Market forecast: With repeated tariff news, pure benzene will remain weak in the future. The production of styrene is expected to rebound in the future, but the downstream 3S production improvement is limited. Under the influence of multiple factors, it is expected that the styrene market will operate weakly in the short term.