The rebound potential for crude oil is limited. Although the market dynamics for pure benzene are strengthening, in the short term, it is still primarily influenced by the trend of styrene. The cost side only serves as a floor of support temporarily. From the perspective of styrene’s own supply and demand, the restart of some shutdown units has led to a notable increase in domestic supply.
Meanwhile, downstream demand is already high, increasing the probability of a slight decrease in demand in the future market. Consequently, the spot market remains relatively strong, but there is potential for weakness in forward months. Overall, after consolidating at the current level, styrene prices are more likely to undergo oscillatory corrections.
