According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently fallen. At the beginning of the week, the average price of styrene in Shandong was 8595.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8300.00 yuan/ton, a decrease of 3.43%. The price has increased by 6.07% compared to the same period last year.

styrene

Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has fluctuated slightly in the past month, with a significant decline in the market this week. International oil prices continue to decline, cost support is poor, downstream demand has not improved, styrene spot transactions are weak, and the market is fluctuating and falling.

In terms of raw materials, the price of pure benzene continued to decline this week, and spot resource transactions were weak. There was insufficient buying gas on the market, and most transactions were made in distant months. Shandong refineries have weak willingness to hold goods and have significantly lowered prices to promote shipments. After the price drop, the market’s buying sentiment improved, and a large number of low-priced goods were purchased to deliver orders within the week, resulting in better transactions.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The domestic PS market continues to decline, with a range of 80-100 yuan/ton. The significant decline in crude oil has driven down pure benzene and styrene, and the price of PS ordinary materials has also fallen, with a magnitude not as significant as upstream prices. Merchants mainly offer discounts for shipping, negotiate actual orders, and some transactions are made at low levels.

This week, the EPS market has fallen, with weakened upstream support and thin terminal profits. Buying follow-up is limited, and overall transactions are average. There is a strong wait-and-see atmosphere on the market, with buying mainly in demand. The reference price for EPS ordinary materials in the South China region is around 9700 yuan/ton.

Recently, the domestic ABS market has experienced slight fluctuations, and the overall performance of the upstream three materials of ABS is poor, with weak support for the cost side of ABS. The construction of petrochemical plants has generally maintained its early stage, and supply pressure continues. The demand side consumption is poor, and merchants are often bearish about the future market. It is expected that the supply-demand contradiction pattern of ABS market will be difficult to change in the short term, and may maintain a weak consolidation trend.

Recently, international crude oil prices have continued to decline, and the demand for styrene spot is still weak, with poor transactions. It is expected that the styrene market will experience short-term fluctuations and decline.