Price Trend
Styrene prices fell this week. According to data from business associations, the prices of sample enterprises were 9016.67 yuan/ton on Monday (July 08), 8966.67 yuan/ton on Friday (July 12), a decline of 0.55%, and 19.73% compared with the same period last year.
| http://www.sodium-persulfate.com |
II. Market Analysis
Products:
This week, the market price of styrene is narrow and the market supply is general. On July 08, East China Styrene closed at 9000 yuan/ton, and on July 12, East China Styrene closed at 8900-9000 yuan/ton, down by about 100 yuan/ton. The above price is Zhangjiagang’s canning price. On July 08, South China Styrene closed at 9,200 yuan/ton for delivery, and on July 12, South China Styrene closed at 9,100 yuan/ton for delivery, down by 100 yuan/ton for delivery at above factories. The styrene market fluctuated narrowly. By Friday, the stock of East China’s styrene port declined, but the overall supply of styrene increased slightly. Overall, this week, it fell steadily and moderately.
| Ferrous Fumarate |
Industry chain:
Upstream crude oil market strengthened this week, ethylene rose slightly, pure benzene rose sharply, styrene production cost support gradually improved. Downstream enterprises, temporarily maintaining just demand, wait-and-see majority, continue to bear the dual pressure of cost and terminal sales, start-up rate decline more or less, from the overall start-up rate level, still maintain low demand-oriented. The supply and demand deadlock is difficult to break, and the market lacks strong support.
3. Prospects for the Later Period
The periphery remained volatile this week, oil prices rose over the weekend, and the impact of the periphery on the petrochemical market was mostly negative. Domestic production enterprises have stabilized and have followed the market downward quotation operation. Businessmen in the market have increased their wait-and-see atmosphere and divergent market trends in different places. Styrene business analysts believe that in the current market conditions, upstream cost prices are temporarily stable, downstream terminal digestion pressure, receipt intention is weak, styrene support weakened, and market bearish sentiment spread. There is no strong support in the styrene market as a whole, and the price of styrene is expected to remain narrow next week.
| best iron supplement |