According to the commodity analysis system of Shengyi Society, the styrene market fluctuated and fell this week, with an average price of 7936 yuan/ton at the beginning of the week and 7846 yuan/ton over the weekend, a 1.13% decrease during the week.

On July 17th, international crude oil futures rose. The settlement price of the August WTI crude oil futures contract in the United States was $67.54 per barrel, an increase of $1.16 or 1.7%. The settlement price of Brent crude oil futures for September was $69.52 per barrel, an increase of $1.00 or 1.5%.
Cost aspect: In terms of crude oil news game, the price of pure benzene fell more or increased less during the week, and coupled with weak downstream demand for pure benzene, the price of pure benzene fell during the week. Continue to monitor crude oil, external market trends, and production and sales dynamics.
Supply and demand side: The styrene plant has experienced a decrease in load and short shutdowns, resulting in a reduction in the supply side, but port inventory continues to increase. In terms of demand, downstream 3S is in a low season of demand, with urgent procurement and insufficient support for styrene.
Styrene external market: On July 17th, the closing price of the styrene market in Asia fell by $5/ton, with closing prices of $885-895/ton FOB Korea and $895-905/ton CFR China..
Market forecast: The current fundamentals of the styrene market are weak and difficult to change, with some downstream losses expanding and the pressure of high finished product inventories continuing to reduce production. The supply and demand expectations for styrene are weak, and it is expected that the styrene market will operate weakly in the short term.