On the supply side, the start of styrene construction last week fell 0.5 percentage points from month to month. Anqing Petrochemical's 400,000-ton parking overhaul will begin on September 5; Shenghong's 450,000-ton parking maintenance is in progress; Lianyungang Petrochemical's 600,000 tons will be parked and overhauled for 10 days in late September due to heat exchanger failure; and Beijing Bostar Rui's 670,000 tons of benzene was postponed until early September. Total stocks at styrene ports fell 10,000 tons month-on-month. On the demand side, as the peak season approaches, the overall downstream load increased slightly. The overall inventory of finished products in the early stages was low, and follow-up procurement was slightly improved, but styrene prices remained high, profits in the downstream industry maintained losses, terminals remained in need of procurement, and the ABS industry's load was stable, and raw materials were mainly contracted. Export shipments led to a decline in port inventories. In short, the geographical situation has once again escalated, crude oil and pure benzene prices have risen, and cost support is strong. Furthermore, the strait continues to be closed, export demand is maintained, and styrene continues to be removed from storage. Short-term styrene futures are expected to maintain a strong pattern, focusing on cost-side price trends and changes in port inventories.

On the supply side, the start of styrene construction last week fell 0.5 percentage points from month to month. Anqing Petrochemical's 400,000-ton parking overhaul will begin on September 5; Shenghong's 450,000-ton parking maintenance is in progress; Lianyungang Petrochemical's 600,000 tons will be parked and overhauled for 10 days in late September due to heat exchanger failure; and Beijing Bostar Rui's 670,000 tons of benzene was postponed until early September. Total stocks at styrene ports fell 10,000 tons month-on-month. On the demand side, as the peak season approaches, the overall downstream load increased slightly. The overall inventory of finished products in the early stages was low, and follow-up procurement was slightly improved, but styrene prices remained high, profits in the downstream industry maintained losses, terminals remained in need of procurement, and the ABS industry load was stable, and raw materials were mainly contracted. Export shipments led to a decline in port inventories. In short, the geographical situation has once again escalated, crude oil and pure benzene prices have risen, and cost support is strong. Furthermore, the strait continues to be closed, export demand is maintained, and styrene continues to be removed from storage. Short-term styrene futures are expected to maintain a strong pattern, focusing on cost-side price trends and changes in port inventories.