Shouchuang Futures: Supply and demand are tight, and styrene futures prices remain strong

K-LinePoet · 2026-04-12T17:27:36+00:00

As some equipment undergo maintenance, styrene supply further tightens. Downstream demand has increased somewhat, and inventories have decreased. Affected by geopolitical influences, the supply and demand of styrene remain relatively tight, and short-term prices are expected to stay strong.

K-LinePoet

2026-04-12 17:27:36

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On the supply side, as some equipment maintenance is carried out, the styrene load continues to decline month-on-month. Changling Petroleum’s 120k-ton plan began shutdown for major overhaul on March 25 for 50 days, and Zhejiang Petrochemical plans to shut down one ethylbenzene dehydrogenation styrene unit for maintenance for 40 days in early April. Geopolitical upgrades and shipping disruptions have affected the stability of styrene supply going forward.
On the demand side, downstream PS production has increased, while EPS and ABS loads have slightly decreased. Export shipments have been gradually dispatched in the early stage, with downstream contracts mainly for delivery, retail spot supply decreasing, and port inventories falling back.
In summary, geopolitical impacts combined with domestic spring inspections continue to tighten styrene supply. Coupled with ongoing export shipments and downstream resumption of work, the supply and demand for styrene remain in a tight balance. It is expected that short-term styrene futures will remain strong, with attention to crude oil prices and changes in upstream and downstream plant operations. (First Capital Futures)

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