According to the monitoring of bulk data by the business community, the spot price of styrene in Shandong fell in November. At the beginning of the month, the spot price of styrene in Shandong was 8308.33 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 7716.67 yuan/ton, a decline of 7.12%. The price fell 0.32% year on year.

styrene

The styrene market price fell in November. It can be seen from the figure above that the price of styrene dropped more than the increase 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. Tianjin Dagu styrene plant was planned to restart, domestic styrene supply increased simultaneously, styrene inventory pressure was high, and it was difficult to support the styrene market. The spot price of styrene continued to decline. At present, export orders promote the decline of port inventory. In December, Xinpu Chemical shut down. Sinochem Quanzhou’s annual production capacity of 450,000 tons and Zhenhai Li’ande’s annual production capacity of 620,000 tons of styrene are planned to shut down. The domestic supply is expected to decline, which is good for the styrene market.

In terms of raw materials, pure benzene fell sharply this month. The price at the beginning of the month is 7200-7500 yuan/ton (the average price is 7384 yuan/ton); The price at the end of the month was 6700-6850 yuan/ton (the average price was 6759 yuan/ton), down 8.46% this month and up 1.64% compared with the same period last year. This month, the pure benzene market was hit by various negative effects, and the price fell due to shocks. 1、 Crude oil fell broadly and the cost was negative. 2、 The Asian American arbitrage window was closed, and the domestic price of pure benzene in China was at a high level, so the import volume of pure benzene in November was at a high level. Moreover, the overall supply of pure benzene market is sufficient. 3、 Downstream profitability is poor, styrene continues to decline, and the market is generally interested in buying pure benzene, which is a drag on the demand side.

In terms of downstream, the three major downstream styrene markets rose and fell in November. At present, the trend of PS (polystyrene) market is weak, the trading and investment atmosphere is difficult to improve, the shipping rhythm of merchants is slow, and the shipping pressure of merchants is not reduced. The mainstream price of GPPS (polyphenylene sulfide) in East China market is 9400-10950 yuan/ton, and the mainstream price of HIPS (polystyrene) is 10200-11400 yuan/ton.

In November, the EPS market declined. At the beginning of this month, the average price of EPS ordinary materials was 11025 yuan/ton, and at the end of this month, the average price of EPS ordinary materials was 10500 yuan/ton, down 4.76%, up 0.72% compared with the same period of the year. At present, the average operation of EPS devices in China is more than half, down from last week. The demand is still weak, and the buying price is weak. EPS manufacturers are under pressure when shipping, and some devices are operating under low load or temporarily shut down. Downstream buyers are mainly wait-and-see, EPS manufacturers’ shipment is not smooth, the market is pessimistic, the terminal just needs replenishment, and the overall delivery is fair.

In November, the domestic ABS market weakened and prices fell. According to the data monitoring of the business community, the average ex factory price of domestic ABS was 12050 yuan/ton on November 1 and 11950 yuan/ton on November 28, with a range of – 0.83%. In late November, the load of ABS industry was adjusted in a narrow range. At present, the commencement of equipment is generally maintained at more than 90%, and the supply of goods on the site continues to be abundant. The enterprise was dragged down by the raw material side, and the factory price was lowered. ABS upstream three materials fell together, weakening the support for ABS cost side. The petrochemical plant started at a high level, the weekly output was stable, and the pressure on the supply side remained unchanged. The demand side did not improve, and the seller camp reduced the price and took the goods. It is expected that in the short term, the ABS market will continue its narrow range consolidation operation.

Recently, the pure benzene market has declined, and the cost support is not good. However, the styrene factory has expected to reduce production at the beginning of the 12th Five Year Plan, and the styrene market has reached a low level, so the business community expects that the styrene market will increase slightly in the short term.