According to the monitoring of bulk data by the business community, the spot price of styrene in Shandong fell in October. At the beginning of the month, the spot price of styrene in Shandong was 9300.00 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 8341.67 yuan/ton, a decline of 10.30%. The price fell 12.38% year on year.

styrene

The styrene market price fell in October. It can be seen from the figure above that the price of styrene has continued to decline in the past month. The main reason for the decline was that the focus of the pure benzene market continued to move down, and the cost support was poor. At present, the domestic styrene inventory was on the high side, and there were many sources of goods arriving at the port. The inventory of styrene in East China port was 66500 tons, increasing month on month; The inventory of ports in South China was 16400 tons, up month on month. Domestic styrene plants have stable output, and there is no parking plan for the time being. It is expected that the styrene inventory will further accumulate. It is expected that the spot price of styrene will decline mainly due to shocks in the later period.

In terms of raw materials, pure benzene fell sharply this month. The price at the beginning of the month is 7850-8100 yuan/ton (the average price is 7901 yuan/ton); At the end of the month, the price was 7400-7500 yuan/ton (the average price was 7455 yuan/ton), down 5.93% this month. Due to the fact that the downstream demand is multi-dimensional and needs to be followed up, the enterprises in Shandong are under pressure to ship goods and have a strong desire to arrange stocks. The focus of negotiation is weak, and the price of pure benzene continues to decline.

In terms of downstream, the three major downstream styrene markets rose and fell in October. At the beginning of this month, the average price of PS ordinary materials was 10300 yuan/ton, and at the end of this month, the average price of PS ordinary materials was 10166 yuan/ton, down 1.29% and 12.36% compared with the same period of the year. In October, the PS market offered a small drop, and the merchants were under pressure to deliver goods. The operation of giving way to profits was maintained, and the market was still weak.

The EPS market fell in October. The average price of EPS common materials at the beginning of the month was 11300 yuan/ton, and the average price of EPS common materials at the end of the month was 11030 yuan/ton, down 2.38%. Cost support is poor, and the focus of market negotiation is low. EPS factory finished product inventory piled up, the shipment situation was poor, and the market fell.

The domestic ABS market fell in October. As of the end of the month, the average price of the mainstream offer of general-purpose ABS was about 12,071 yuan/ton, up or down by – 6.06% compared with the price level at the beginning of the month. At present, the ABS industry has a high load, which is maintained at 80% to 90%. There is a continuous abundant supply of goods on the site, and there is a certain pressure on the supply side. In terms of demand, the seasonal demand effect is acceptable, but it is difficult to support the market.

Recently, the pure benzene market has declined, the cost support is insufficient, and the downstream demand is stable. Maoming Petrochemical and other styrene plants have plans to restart. The business community expects that the styrene market will fall mainly in the short term.