Spot styrene prices kept decreasing

Spot styrene prices kept decreasing, tracking the drop in futures despite tight supply on slow recovery of integrated units. Overall transactions were thin and deals were mainly around 10,000yuan/mt since early July. Supply was expected to recover in August with the restarts of Wanhua and Hengli, despite turnaround of ZPC. Coupled with expectation of weakening crude oil market, styrene market kept decreasing