The rise in crude oil prices and the increase in styrene supply are beneficial to market sentiment. However, at the same time, the supply of domestic and imported sources is loose. Moreover, as the demand for downstream styrene increases, the price drops, which puts pressure on pure benzene.
Last week, the listed price of the main product fell. But as petroleum benzene is close to the cost line, the conditions for a decline are insufficient. In the short term, the bulls and bears are in a stalemate, and further guidance from the information side is needed.
