According to the monitoring of the bulk data of the business community, the mainstream price of styrene in Shandong has risen in the recent shock. The price of styrene in Shandong was 8108.33 yuan/ton on the 14th and 8163.33 yuan/ton on the 21st, up 0.68%. The price fell 4.80% year on year.

styrene

Recently, the price of styrene market fluctuated and rose. It can be seen from the above figure that the recent price of styrene has been dominated by shock consolidation, and the price has risen slightly this week. The main reason is that the recently concluded 22000 ton order to export to a country in the Middle East has brought a certain boost to the market, and some styrene plants have plans to reduce production in late November, domestic supply has decreased slightly, combined with strong downstream demand, which has played a certain supporting role in styrene prices, and styrene spot prices have fluctuated upward.

In terms of raw materials, the recent rise in pure benzene has been followed by a fall. At the beginning of last week, due to the expected increase in downstream styrene exports, the market has become stronger, driving the increase in pure benzene negotiations, and the price has followed the rise. However, due to the overall poor profitability of downstream products, the market trend continues to be weak, and the demand for pure benzene is weak. The crude oil fell continuously in the second half of the week. The market atmosphere was depressed by bad news, and the price fell back. Recently, the inventory of pure benzene at ports in East China has dropped to 87300 tons, with a small consumption. The trend of crude oil is volatile, the supply side of pure benzene is sufficient, and the overall downstream demand is poor. It is expected that pure benzene will continue its weak operation in the short term, with limited rebound space.

In terms of downstream, the three major downstream styrene markets rose and fell at different levels this week. At present, the trend of PS (polystyrene) market is weak, the cost support is strong, the crude oil plummets, and the wait-and-see atmosphere in the theater slows down the transaction atmosphere. The pressure on merchants to ship is not reduced. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is 9400-10950 yuan/ton, and the mainstream price of HIPS (polystyrene) is 10200-11400 yuan/ton.

EPS prices fell this week. Overall transaction weakened month on month. On the 14th, the average price of EPS ordinary materials was 10950 yuan/ton, and on the 21st, the average price of EPS ordinary materials was 10580 yuan/ton, a decline of 3.77%. The buying enthusiasm was not high, the EPS market price was weak, and the terminal demand was sluggish. The manufacturer reduced the price in order to maintain the shipment.

Recently, the domestic ABS market fluctuated and rose. In the middle of November, the load of ABS industry was adjusted in a narrow range. At present, the commencement of the plant is maintained at more than 92%, unchanged from last week, and the supply of goods on the site continues to be abundant. The inventory position decreased by 13,000 tons compared with last week. At the same time, the enterprise’s cost side pressure increased, and the ex factory price increased, with an average increase of less than 100 yuan/ton. ABS upstream three materials rose in February and stabilized in the middle of November, and the overall performance was fair. Among them, the load of the acrylonitrile industry was low, and the supply side tightened to support the continuous rise of the market. The support for ABS cost side is strong, and the market is surging.

In the near future, the pure benzene market is weak, forming a certain pressure on the styrene market, but the downstream demand is expected to further strengthen. With the expectation of domestic styrene production reduction, the styrene market is expected to rise slightly.