On March 25, the styrene market as a whole rose steadily. Boosted by the news of production reduction or temporary maintenance of some devices, night styrene futures continued to rise sharply, with be2105 closing at 8177, up 2.15%, increasing 833 positions, boosting the market mentality of today’s styrene spot market. Crude oil rebounded sharply at night, ethylene fell slightly, pure benzene remained stable, cost moved down and styrene profit rebounded. In the downstream, the prices of EPS and PS were stable, ABS rose sharply, and the downstream demand did not improve significantly. In the aspect of equipment, the investment of new production capacity is offset by the reduction of equipment maintenance capacity.

To sum up, the cost of styrene has moved down, the downstream demand has not improved significantly, the replenishment at the end of the month, the maintenance of the plant, and the mixing of air and air are expected to be slightly stronger in the short term.