According to the commodity analysis system of Shengyi Society, the styrene market fluctuated and fell in April, with an average price of 8284 yuan/ton at the beginning of the month and 7660 yuan/ton at the end of the month, a decrease of 7.53% during the week and a year-on-year decrease of 19.41%. Entering April, it is the peak season for styrene maintenance, and the supply side is tightening. Due to the decline in pure benzene prices on the cost side, styrene is weak and declining. In mid to late April, the pure benzene market slightly rebounded, and the price of styrene slightly increased. However, due to high inventory in the downstream 3S industry, limited production, and demand constraints, the styrene market fluctuated and fell until the end of the month.

News: On April 29th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $60.42 per barrel, a decrease of $1.63 or 2.6%. The settlement price of the main Brent crude oil futures contract was $63.28 per barrel, a decrease of $1.51 or 2.3%.
Cost wise: The market price of pure benzene fluctuated and fell in April. On April 1st, the price was 6659.67 yuan/ton; On April 29th, the price was 5785.33 yuan/ton, a decrease of 13.13% from the beginning of the month.
Supply and demand side: In April, the styrene major factory underwent planned maintenance, with strong support from the supply side. Downstream 3S has continued to accumulate inventory, with factories operating at reduced loads. At the same time, due to the impact of tariff policies, demand has further weakened, and the demand side remains weak.
Market forecast: As we enter May, styrene maintenance companies will gradually resume operations, and the supply and demand pattern will weaken. With the fluctuation of raw material pure benzene at a low level, it is expected that the styrene market will operate weakly in the short term.