According to the Commodity Market Analysis System of Shengyi Society, the price of styrene in Shandong was 9404.00 yuan/ton on August 1st and 9414.00 yuan/ton on August 9th, an increase of 0.411%. The current price has increased by 10.64% compared to last year.

styrene

This week, the styrene market prices fluctuated and consolidated. From the above chart, it can be seen that the price of styrene has mainly fluctuated in the past three months, with little recent market volatility. The pure benzene market has been consolidating at a low level, with poor cost support, while the styrene market has been weak in recent gains. Spot demand is mainly driven by rigid demand, and styrene inventories at Jiangsu ports have decreased, causing the styrene market to fluctuate and consolidate. At present, the transaction price of styrene in Jiangsu region is 9460 yuan/ton.

Cost aspect

Recently, the overall trend of pure benzene has continued to decline. At present, the inventory of pure benzene ports is declining. The inventory of pure benzene ports in Jiangsu Province is 35000 tons, a decrease of 4800 tons or 12.06% compared to the previous inventory of 39800 tons. As of August 9th, the mainstream spot price of pure benzene in Shandong market is 8500 yuan/ton. At present, the rebound of the pure benzene market is not significant, and it is expected that the price of pure benzene will rise slightly in mid to late August.

Supply side

There were many maintenance visits to the styrene plant in August. The overall production of styrene factories in China was 296300 tons, a decrease of 400 tons compared to the previous period. Styrene inventory has slightly decreased, with limited positive impact.

Demand side

Recently, the three major downstream producers of styrene have experienced mixed fluctuations. The EPS market is stable, with Jiangsu ordinary materials priced at 10400-10550 yuan/ton. The market has a strong wait-and-see atmosphere, but actual transactions are average. The overall weakness of the upstream three materials has weakened the cost support for ABS. The decrease in load but no decrease in output of the ABS polymerization plant is due to the impact of the new equipment being put into operation. In addition, the weak demand on the demand side and the obvious off-season market situation have led to a slight increase in social inventory, and there is still supply pressure on the market. The current market spot trading momentum is low, and the pre-sale contract situation is not good. Overall, it is expected that the ABS market will be weak and difficult to change in mid August. The PS market fluctuated and fell. Downstream purchasing power is insufficient, and the mainstream of the East China PS market is stable, with occasional slight price reductions, resulting in weak market negotiations.

According to the styrene data analyst from Shengyi Society, the current pure benzene market remains low, with weak cost support, frequent maintenance of styrene plants, and low inventory pressure. However, downstream demand has not shown significant improvement, and procurement is weak. Shengyi Society analysts predict that the styrene market will mainly decline slightly.