The US Styrene market remained under strong downward pressure throughout June as weakening demand, ample product availability, and lower feedstock costs continued to weigh on prices. Styrene demand from key downstream sectors, including polystyrene, expandable polystyrene, and ABS resin manufacturing, remained subdued, with buyers limiting procurement to immediate production needs amid weak manufacturing activity. On the supply side, Styrene producers maintained stable operating rates, ensuring sufficient market availability despite sluggish consumption. Lower ethylene and benzene prices, supported by softer crude oil values following the US-Iran peace agreement, reduced production costs and further weakened pricing support across the value chain. Market sentiment remained cautious as buyers delayed purchases in anticipation of further price declines, resulting in thin trading activity throughout the month. Looking ahead, Styrene prices are expected to remain under pressure in the near term, as comfortable supply, weak downstream demand, and limited cost support are likely to continue influencing market fundamentals.
