Styrene Market Update & Price Trend – March 17, 2026

1. Key Highlights

• March 16: The International Energy Agency indicated that more strategic petroleum reserves could be released, easing market concerns over supply risks and pushing international crude oil prices lower.
• NYMEX Crude Oil Futures settled at USD 93.50/bbl, down USD 5.21 (-5.28%).
• ICE Brent Crude Futures closed at USD 100.21/bbl, down USD 2.93 (-2.84%).
• Shanghai INE Crude Oil Futures rose 15.9 RMB to RMB 770.4/bbl, but fell 50.3 RMB to RMB 720.1/bbl in the night session.
• Core Logic:
• Styrene feedstock continues to fluctuate at relatively high levels, maintaining cost support. Supply-side fluctuations in the PS industry are expected to remain limited.

2. Price Table

Notes:
Brent prices are in USD/barrel.
Styrene and PS prices are in RMB/ton.
PS price reference: Saibaolong 525 grade.
RMB prices are tax-inclusive.
Change refers to day-on-day movement.

3. Market Outlook

Raw material styrene is fluctuating at high levels, with both cost support and pressure present. The room for further fluctuations in industry supply is narrowing, and inventory pressure is manageable. Short-term supply and demand pressures are manageable; however, considering profit-taking, the PS market may experience a slightly weaker consolidation today.

4. Data Calender

Notes:

• ↑ / ↓ indicate significant fluctuations (>3%).
• ↗ / ↘ indicate mild fluctuations (0–3%).