According to the bulk data monitoring of business agency, the mainstream price of styrene in Shandong fell violently this week. At the beginning of the week, the average price of Shandong styrene was 10407.14 yuan / ton, and at the weekend, the average price of Shandong styrene was 10351.43 yuan / ton, a decrease of 0.54%. The price increased by 11.16% over the same period last year.

styrene

The styrene market price fluctuated and fell this week. It can be seen from the above figure that the recent price of styrene has been dominated by shock consolidation, and the price fell slightly this week. The main reason is that affected by the continuous low crude oil price, the focus of the pure benzene market has shifted downward, which is difficult to support the styrene market, the supply and demand fundamentals are weak, some maintenance devices are restarted, the market inventory is expected to rise, and the spot price of styrene has fallen slightly.

In terms of raw materials, the expectation of the Federal Reserve to raise interest rates has raised the risk of economic recession, superimposed on the repeated outbreaks in Asia, and the possible blockade measures have suppressed demand. The rise in international crude oil futures was slow after the sharp decline. Pure benzene fell slightly. Recently, the price of pure benzene in China is 8600-9150 yuan / ton. The decline of pure benzene cannot support the price of styrene.

On the downstream side, the three major downstream styrene rose and fell mixed this week. The PS market fell weakly, and the output increased slightly. The cost side support weakened, the merchants’ shipment was under pressure, and the price was mainly reduced slightly. The benzene price in East China market was 10600-11300 yuan / ton, the low-end price fell 300 yuan / ton, and the high-end price fell 200 yuan / ton.

EPS prices fell this week. The overall transaction weakened month on month. As of July 14, Jiangsu enterprises had 11200 yuan / ton of ordinary materials and 12100 yuan / ton of barrier fuel. The cost support is weak, and the purchasing sentiment of terminal merchants is not high, mainly on the sidelines.

ABS market fell this week. This week, the quotation in East China market is 12010 yuan / ton, and the price in South China market is 11112 yuan / ton, excluding tax. At present, it is in the off-season of household appliance procurement, and the start-up of terminal household appliances is poor, and the demand for ABS has weakened significantly; ABS prices continued to fall.

Recently, the international crude oil market has been weak. Styrene plants such as Gulf, Wanhua, Dushanzi and Hengli will be gradually started, and the negotiable supply of styrene is expected to increase. On the whole, if the raw material level falls next week, the styrene market will follow suit.