March xxxx was an eventful month for the U.S. Styrene market, with prices swinging due to various factors that show just how quickly market movements can change in the chemical industry.
When March rolled in, prices were already on an upward path, showing a small but noticeable xx increase. This was mostly because the price of oil, which is a key material for production, kept climbing. This trend wasn&#xx;t just seen in Styrene but across many areas of the economy where prices were going up.
As the month progressed, the first full week saw another rise in prices—this time a xx hike. More and more downstream companies adopted firmer trend for purchases because they had more orders to send their products overseas. This rising demand, along with more expensive base materials needed to make Styrene, pushed prices up.
But this scenario changed quickly. In the...
