Shouchuang Futures: Cost easing, styrene futures prices adjust at high levels

K-LinePoet · 2026-04-08T04:39:51+00:00

On the supply side, domestic styrene load decreased slightly last week, with East China styrene port inventories down by 8k tons week-on-week. Due to a sharp rise in upstream ethylene prices, some suppliers announced force majeure, leading to compressed styrene margins and an increase in styrene production cuts planned for April. On the demand side, downstream buyers are hesitant to purchase at high prices, resulting in weak demand follow-up, and terminal replenishment has temporarily slowed. In summary, the supply and demand of styrene are both weak, and cost adjustments have led to a slight pullback in styrene futures prices. It is expected that short-term styrene futures will remain high and volatile, with attention to geopolitical situations, crude oil prices, and changes in upstream and downstream plant operations. (First Capital Futures)

K-LinePoet

2026-04-08 04:39:51

On the supply side, last week’s domestic styrene operating rates fell slightly, and the East China styrene port inventory decreased by 8k tons month over month. Because upstream ethylene prices surged significantly, some suppliers announced force majeure, which squeezed styrene profits and increased styrene production-reduction plans in April.

On the demand side, downstream buyers are hesitant about high-priced raw materials, demand follow-through has been weak, and replenishment at the end market has paused for now.

In short, both styrene supply and demand are weak. Adjustments on the cost side have driven the styrene futures price to retreat somewhat. It is expected that in the short term the styrene futures price will remain in high-level range-bound trading; watch the geopolitical situation, oil prices, and changes in operating rates of upstream and downstream units. (Capital Futures)

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