due to the decline in crude oil prices, the overall support for styrene gradually weakened

Starting from May, due to the decline in crude oil prices, the overall support for styrene gradually weakened. After the Labor Day holiday, styrene price rapid declined. Due to the overall poor crude oil and the weak supply and demand of the whole industry chain, styrene market sustained weak and support for the downstream products weakened. In addition, as the supply and demand situation of various downstream products have not improved and some even under heavy pressure, downstream market continues to be poor.