According to the Commodity Market Analysis System of Business Society, the mainstream price of styrene in Shandong has been fluctuating and declining recently. At the beginning of the week, the average price of styrene in Shandong was 7840.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 7695.00 yuan/ton, a decrease of 1.85%. The price has decreased by 30.68% compared to the same period last year.

styrene

Recently, the styrene market prices have fluctuated and fallen. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and decreasing in the past two months, with prices rising first and then falling this week. The international crude oil price has fluctuated and fallen, the pure benzene market has continued to decline, and cost support is poor. Downstream demand is mainly in demand, and spot transactions are poor. The styrene market has continued to decline.

In terms of raw materials, international oil prices have fallen. This week, the price of pure benzene slightly decreased, and bearish news of increased supply and difficult demand in market trading continued to push down the price of pure benzene. Within the day, East China fell broadly to 6350-6480 yuan/ton. Shandong stabilizes to 6330-6400 yuan/ton.

In terms of downstream, the three major downstream markets of styrene have seen varying fluctuations. At the beginning of this week, the average price of PS was 9366 yuan/ton, while at the weekend, the average price of PS was 9300 yuan/ton, with a slight decrease of 0.71% and a decrease of 18.42% compared to the same period last year. The follow-up of the transaction was weak, and the merchants’ offer was loose. The mainstream price of GPPS (Polyphenylene sulfide) in the East China market was 8100-9500 yuan/ton, and the mainstream price of HIPS (polystyrene) was 8700-9700 yuan/ton.

The EPS market is stable this week, and according to the Commodity Market Analysis System of Business Society, the average price of ordinary materials is 9487.50 yuan/ton. Downstream procurement enthusiasm is not good, and it is expected that the market may be mainly volatile and weak in the short term.

Recently, the domestic ABS market has declined, and the high load situation in the ABS industry has continued this week. Overall, there have been few enterprise inspections, and the weekend operating rate has been narrowed down to about 83%. The on-site spot supply continues to be abundant, with high pressure on the supply side. However, the overall inventory has been depleted due to the replenishment at the end of last month, but there is still limited support for the spot market, and manufacturers continue to lower their factory prices. This week, the overall performance of ABS upstream three materials fell by two and rose by one. The raw material acrylonitrile market continued to decline. The raw material propylene market is weak, and the cost side is declining; Downstream demand is weak and transaction volume has decreased, resulting in poor support for ABS.

Crude oil is mainly in a volatile downward trend, with high temperatures and off-season. The downstream strong demand and weak spot situation continue, resulting in a stalemate between long and short positions. It is expected that the short-term styrene market will be mainly in a volatile downward trend.