Wanhua Chemical Styrene Price Dynamics July 7
On July 7, Shandong Wanhua Chemical's new styrene plant of 650,000 tons/year was producing and selling normally. Currently, the sales are 10,500 yuan/ton in North China and 10,600 yuan/ton in East China. International crude oil futures prices fell. The market is still worried about the risk of a future global economic recession, which will weigh on crude oil demand. The spot market price of pure benzene was stable. The cost support is not good, the downstream purchasing sentiment is general, mostly wait and see, and the styrene spot market fluctuates slightly. Styrene is likely to follow the trend of crude oil, and it is expected that the styrene market will mainly decline in the short term