According to the Commodity Market Analysis System of the Business Society, the mainstream price of styrene in Shandong has recently declined. At the beginning of the week, the average price of styrene in Shandong was 8650.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8566.67 yuan/ton, a decrease of 0.96%. The price has decreased by 5.49% compared to the same period last year.

styrene

Recently, the market price of styrene has declined. From the above chart, it can be seen that the price of styrene has mainly increased in the past month, and the market has slightly declined this week. The pure benzene market is fluctuating and consolidating, with average cost support. Currently, downstream demand is mainly maintained, production and sales profits are reduced, spot transactions are poor, and there is an expectation of accumulated styrene inventory, leading to a decline in the market.

In terms of raw materials, the price of pure benzene fluctuated and consolidated this week, with East China falling to 7490-7610 yuan/ton and Shandong rising to 7700-7800 yuan/ton. East China traders took profits, increased market circulation, and buying retreated. The inventory of Shandong Refinery is low, and the quotation continues to rise, resulting in a light market negotiation atmosphere.

Downstream, the three major downstream markets of styrene have slightly declined. The average quotation for PS this week was 9166 yuan/ton, a decrease of 21.09% compared to the same period last year. PS market transactions are cautious, and it is expected that in the short term, domestic PS (polystyrene) may experience a narrow range of fluctuations.

The EPS market has been stable this week, and according to the Commodity Market Analysis System of Business Society, the average price of ordinary materials this week is 9775.00 yuan/ton. The EPS market lacks positive support, and it is expected that the domestic EPS market may be dominated by a narrow and weak trend.

Recently, the domestic ABS market has remained stable, with mixed ups and downs in the upstream three materials of ABS, providing reasonable support for the cost side of ABS. The petrochemical plant gradually rose within the month of construction, and market inventory increased simultaneously. The demand side support has fallen, and the overall weak and rigid demand pattern has been maintained. It is expected that the ABS market may continue to be weak.

At present, crude oil has good cost support, and downstream demand is expected to improve with the arrival of the Golden Nine Silver Ten. There are many favorable conditions for the short-term styrene market, and it is expected that the short-term styrene market will mainly fluctuate and rise.