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GF Futures: Under the expectation of styrene production cuts, valuation may see a potential rebound or repair

K-LinePoet
With profits in the styrene industry compressing sharply again, the restart of some previously overhauled units has been delayed, or some mainstream units have reduced load. Expectations for supply-side tightness are being squeezed; on the demand side, terminal orders are weak, the three major downstream sectors are running at low rates, and expectations for overseas exports are also declining. In the short term, demand-side support is weak. Overall, for July, expectations for styrene supply and demand are somewhat loose. Port inventories have increased recently, and there is limited styrene-related impetus. However, under expectations of reduced production in styrene plants, the price spread between styrene and pure benzene may see a potential rebound. (GF Futures)
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