The global Styrene market has witnessed increasing prices, with notable changes in various regions during the week ending on February xxth. The rise in the global market was attributed by rise in the spot market purchases and rising discussions from the suppliers to further elevate the price trend.
In the European Styrene market, elevated prices were observed in Germany, the Netherlands, and the UK for the week ending February xxth. In Germany, the increased Styrene prices were supported by a rise in crude oil prices, offsetting benzene stability. Increased spot purchases and insufficient inventory contributed to the rise in Styrene prices, mirroring trends seen across Europe. Similarly, the Netherlands experienced upward pressure, driven by increased purchasing activity across Europe, which helped counteract the effects of benzene price hikes. Anticipating higher rates for their next purchases, traders raised their offers to restore profit margins and expand...
