Ruida Futures(SZ:002961) Jin Tou Wang·2026-01-04 06:05Market Overview - As of December 29, 2025, the port inventory of styrene in Jiangsu is 138,800 tons, a decrease of 500 tons compared to the previous period [1] - The spot market for styrene has continued to rise, with prices ranging from 6,680 to 6,900 CNY/ton; as of December 31, the price in Jiangsu reached 6,880 CNY/ton, an increase of 4.96% from the average price of 6,555 CNY/ton the previous Thursday [1] Production and Supply Dynamics - Last week, the restart of a 350,000-ton facility by Baolai and the shutdown of a 450,000-ton facility by Tianjin Bohua due to faults have led to an increase in styrene production and capacity utilization rates compared to the previous period [1] - The recent unexpected maintenance of facilities is expected to maintain a tight balance between supply and demand for domestic styrene in the short term, with visible inventory likely to continue decreasing [4] Institutional Insights - According to Zijin Tianfeng Futures, the styrene market has risen due to unexpected maintenance and export news, with low valuation and marginal positive factors gaining influence; however, the surplus of upstream pure benzene remains a major negative factor [3] - RD Futures notes that the geopolitical situation regarding the U.S. and Venezuela, as well as Russia and Ukraine, has not worsened recently, indicating limited upward pressure on oil prices; the supply-demand situation for pure benzene remains loose, providing limited support [4]