In August xxxx, the U.S. Styrene market experienced substantial price variations, indicating ongoing supply-demand imbalances and broader market dynamics. As of mid-August, the price of Styrene on FOB - Texas basis stood at USD x,xxx per metric ton, exhibiting a decrease of about x.xx compared to the previous week. This decline followed a sharp increase of x.xxx in the first week of August, highlighting the uncertain conditions that have shaped Styrene pricing throughout the month.
July saw stable Styrene prices, after which August began with a strong upward trend. However, the price increase noticed in the first week was short-lived, as it experienced a moderate decrease in the subsequent weeks. The drop in Styrene prices was due to a combination of factors, including an excess supply in the market and a seasonal reduction in demand, particularly from key sectors like automotive and construction.
