The Styrene market in China has displayed resilience and stability in recent weeks, despite witnessing some fluctuations prior in this quarter. As of June xx, xxxx, Styrene prices in China stood at USD x,xxx per metric ton on CFR-Shanghai basis, indicating a period of stability in the market.
The trajectory of Styrene prices over the past two months has been distinguished by volatilities. After experiencing a slight fall in early May, the market saw a gradual recovery, with prices increasing by approximately x.xxx towards the end of the month. This upward trend was largely driven by increased industrial activity and rise in costs of base materials, particularly benzene and ethylene.
June has brought an implication of equilibrium to the Styrene market in China. The first week of the month saw prices holding stable, followed by a nominal x.xxx increase in the second week. This slight uptick...
