During the first week of May 2025, styrene prices increased drastically in Germany, Market observations by chemAnalvst showed that the growth rate was about 2.296 trom the previous week. This was mainly due to the continuous demand, especially from the food packagingindustry and a good recovery in the automobile sector, especially the battery electric vehicle (BEV) segment. Demand for food-grade packaging remained firm because of stable consumer preferences. Simultaneously, growth in freight charges placedupward pressure on the overall market sentiment, while limited supplier availability, resulting in higher quotes for styrene Desplte the prolonged decrease in feedstock Benzene and Ethyiene costs, manutacturers decided to raise styrene prices to balance thereducing profit mareins, Although inventory levels did not reduce drastically, traders actively restricted availability, in an effort maintain thegrowth tralectory in a cautiously optimistic market. styrene purchase activities remained consistent, with demand patterns supporting theprice growth. In terms of productions, domestic Styrene manufacturing remained stable throughout the week. This was because plants in the regioncontinued their operations normaly without any major disruptions. While supply-side constraints were not severe, challenges due to porcongestions resulted in some logistical delays. Styrene producers exercised caution by adjusting their output rates with actual demand,avoiding any oversupply in the market. This strategy further supported the price increase during the week. Looking back, in April 2025, Styrene price trend experienced significant changes. ChemAnalyst noted a drastic increase of around 15% inquotes during the second week due to the growth in production costs. However, this was followed by a 696 market correction in the third weekwhich reduced the styrene prices from the previous levels, 0veral. on a monthly basis, Styrene prices in Germany grew by 3%6 from Marchsupported by the standard restocking activities and continued usage of it in major downstream sectors. During the month, the packaging sector showed average performance in Germany. Gerresheimer, a major player in this segment, reported ayearon-year decrease in organic adjusted EBlTDA of about 9.396 for 01 2025. The company stated the decrease in demand in cosmeticmoulded glass and syringe lines as the reason. The weakness in this division kept the recovery levels moderate, but food-related packaging remained a balancing factor for Styrene demand.Meanwhile, in the automobile sector,overall passenger car production experienced a 79% decrease in Aprl, and exports reduced by 8%. Despitethese, BEV registrations increased sienilicantly by 53.5%6, accounting for almost 199 of all new vehicle sales, This growth in BEvs, which useStyrene-based components for insulation and in interiors, resulted in the higher usage of styrene, further supporting the price increase seen inthe May first week.