Styrene Prices Fall 6.52% This Week to 9,035 Yuan/Ton as Brent Crude Declines on Iran Peace Deal

GateNews
According to Jin10 Futures, as of May 27, styrene prices in the Jiangsu market fell to 9,035 yuan/ton, down 630 yuan/ton (6.52%) from May 20, as Brent crude oil declined 10.22% following renewed Iran-U.S. negotiations and a peace accord announcement. Pure benzene followed crude downward amid weak downstream demand, while port inventory drawdowns provided some support to the price decline.
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