Tokyo (Japan): The Styrene market in Japan stabilized towards the end of May and in the first week of June, buoyed by robust demand from key industrial sectors and improving manufacturing conditions. The pricing landscape initially experienced volatility but settled into a steadier trend that reflected the delicate balance between supply and consumption.
According to market studies by ChemAnalyst, Styrene prices on an FOB basis in Tokyo increased by xx from the preceding week, reaching USD x,xxx per metric ton in the first half of June. This followed a month of overall growth, with prices initially dipping in early May due to balanced supply and moderate demand.
Mid-month, the tide turned as industrial activity accelerated, driving up orders for Styrene from sectors such as packaging, automotive, and construction. This surge in demand, coupled with higher costs for raw materials like benzene and ethylene,...
