According to the monitoring of bulk data by the business community, the mainstream price of styrene in Shandong has risen recently. On the first day, the average price of styrene in Shandong was 7700.00 yuan/ton, and on the sixth day, the average price of styrene in Shandong was 7941.67 yuan/ton, an increase of 3.14%. The price fell 3.15% year on year.

styrene

Recently, the styrene market price has risen. It can be seen from the above figure that the recent price of styrene has been dominated by shocks, and this week’s price correction. The market of pure benzene was consolidated, and the cost support was average. Although the downstream is just in demand, the purchase intention is good, which has certain support for the market. The port inventory may have a small drop expectation, which is good for the styrene market. The short-term styrene market is expected to be dominated by gains.

In terms of raw materials, recently, pure benzene has rebounded slightly, and the fundamentals of pure benzene are poor. East China ports have accumulated inventory, and the supply side continues to increase; Downstream market is generally weak, and just need to buy. The trend of superimposed crude oil is weak, and the cost support is poor. The price of pure benzene fell due to multiple negative pressures. After the fall of pure benzene, the downstream buying recovered, and prices rebounded slightly in the coming weekend. At the beginning of the week, there were about 141000 tons of pure benzene in East China Port, an increase of about 22000 tons compared with last week.

In terms of downstream, the three major downstream of styrene rose and fell at different levels. At present, the PS market is in a narrow range, the upstream styrene price continues to rise, the downstream demand remains strong, and the shipping pace of merchants is slow. The quotation of mainstream brands excluding tax refers to: Zhenjiang Chimei PG33, 9670 yuan/ton, Taiwan’s 5250, 9300 yuan/ton, Ningbo’s 535N, 9290 yuan/ton, Shanghai SECCO 123P, 10070 yuan/ton, and Guangzhou’s 525, 8770-8800 yuan/ton

Recently, EPS price fluctuated slightly. Overall transaction weakened month on month. The average price of EPS ordinary materials is 10460 yuan/ton. The buying enthusiasm is not high. The EPS market price is weak. The manufacturer maintains a stable price for shipment, and the terminal demand is sluggish.

At the beginning of December, the domestic ABS market was stable. According to the data monitoring of the business community, the average ex factory price of domestic ABS on December 6 was 11800 yuan/ton, up or down by – 26.55% compared with the same period last year. Recently, the load of ABS industry has been adjusted in a narrow range. At present, the overall commencement of the plant is maintained at more than 90%, and the supply of goods on the site continues to be abundant. The enterprise was dragged down by the raw material side, and the factory price was lowered. At present, downstream factories, including the main terminal household appliances industry, have poor enthusiasm for stock preparation, and the overall market trading is weak. The traditional peak demand season has ended, and the overall demand for support has dropped. The wait-and-see attitude of buyers increased.

In the near future, the port styrene inventory has shrunk slightly, and the spot supply is expected to decline. Downstream procurement will remain just in demand, and the styrene market is expected to rise slightly.