In May xxxx, the U.S. Styrene market encountered fluctuations, showcasing the complex interaction between economic factors and industry dynamics. The month begun with a drop in prices, with Styrene prices staying around USD x,xxx per metric ton in the initial two weeks. This decline was driven by a temporary surplus and reduced demand from key sectors such as construction and automotive, as these industries were facing supply chain disruptions and shifting consumer preferences.
However, the situation changed in the third and fourth weeks, with Styrene prices expanding due to enhanced demand from the packaging and appliance industries. Prices in Texas went up to about USD x,xxx per metric ton, showing the Styrene market&#xx;s responsiveness to growing demand powered by an improvement in consumer spending and a revival of manufacturing activities in these sectors.
This increase in Styrene costs was spurred by various factors,...
