According to the Commodity Market Analysis System of the Business Society, the mainstream prices of styrene in Shandong have been fluctuating and rising recently. At the beginning of the week, the average price of styrene in Shandong was 8600.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8758.33 yuan/ton, an increase of 1.84%. The price has increased by 7.24% compared to the same period last year.

styrene

Recently, the market price of styrene has increased. From the above chart, it can be seen that the price of styrene fluctuated slightly last month, while this week’s market was volatile and exploratory. Supply is tightening, international oil prices have rebounded significantly, cost support is good, and the styrene market continues to rise. Recently, styrene inventory has been low, and it is expected that the short-term volatility of the styrene market will mainly rise.

In terms of raw materials, the price of pure benzene has slightly increased this week, while spot transactions of pure benzene have weakened. Supported by the rise in styrene market, transactions in the far month have been positive, with prices rebounding slightly. The transaction was good, and the refinery’s offer continued to rise during the day. However, the trend of pure benzene in East China did not meet market expectations, and buying gas in Shandong fell, resulting in a significant decrease in transaction volume.

In terms of downstream market, the three major downstream markets of styrene have fluctuated. PS prices fell earlier this week. The domestic PS market continues to decline, with a strong sense of caution on the market and insufficient confidence among merchants. The mainstream price of GPPS in the East China market is between 8950 and 10100 yuan/ton, while the mainstream price of HIPS (polystyrene) is between 9350 and 10550 yuan/ton.

The EPS market has remained stable this week, with an average price of 10125.00 yuan/ton for ordinary materials. Upstream support has weakened, with a focus on market transactions. Terminal profits are meager, and buying follow-up is limited. Overall, the transaction is average, with a strong wait-and-see atmosphere on the market. Buying is mainly on demand.

Recently, the domestic ABS market has remained stable, with overall fluctuations among the three upstream materials. Among them, the acrylonitrile market continues its previous strong trend. Although the demand level is average, the price of propylene at the raw material end has surged, and the cost support for acrylonitrile has increased; In addition, due to the expansion of domestic production capacity losses in the early stage, there are now delays in resuming work on individual devices, resulting in a decrease in market supply and increased supply side support. Acrylonitrile leads to bullish guidance and price increases. It is expected that the ABS market will struggle to overcome the supply-demand contradiction in the short term, or it will maintain a weak consolidation market.

At present, according to the news, international oil prices have risen, cost support is relatively strong, domestic styrene units have decreased, and there are many positive factors. It is expected that the short-term styrene market will be mainly strengthened and consolidated.