Sinopec Economics: Cost support drives a strong market rebound for styrene after the holiday

K-LinePoet · 2026-03-26T17:50:57+00:00

This week's styrene market prices initially rose and then fell, closing at 7,735 yuan/ton on February 26, up 2.93% compared to February 14. The Chinese New Year brought a good start, but expectations of increased supply and rising inventories led to a price correction. In the short term, increased exports and equipment maintenance will support prices, and the market may fluctuate.

K-LinePoet

2026-03-26 17:50:57

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This week, the styrene market prices initially rose and then fell. As of February 26, the average closing price in Jiangsu was 7,735 yuan/ton, up 220 yuan/ton from February 14, a 2.93% increase. The first day after the Spring Festival holiday saw a strong start, mainly due to the rebound in crude oil and styrene prices during the holiday period, as well as continued growth in styrene exports, supporting the price. Subsequently, styrene prices pulled back, mainly due to concerns about increased supply in the future and the fact that main port inventories were higher than expected, which somewhat dampened market confidence. In the short term, the unexpected increase in styrene exports and the scheduled maintenance plans in March provide some support for prices. The styrene market is likely to fluctuate at high levels. Attention should be paid to the peace talks in the US and certain Middle Eastern countries, as well as the downstream resumption of work. (Zhuochuang Information)

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