According to the commodity market analysis system of Business Society, the mainstream price of styrene in Shandong has fluctuated slightly recently. At the beginning of the week, the average price of styrene in Shandong was 9530.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 9438.33 yuan/ton, a decrease of 0.96%. The price has increased by 15.71% compared to the same period last year.

styrene

Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has mainly fluctuated and increased in the past three months, with a slight correction in the market this week. International oil prices fluctuate and cost support is poor, while the styrene market has risen to a relatively high level. Spot demand is mainly in demand, and downstream demand is slightly resistant to high prices. The styrene market has slightly declined.

In terms of raw materials, the price of pure benzene has slightly increased this week. The price of pure benzene in East China opened low and rose high, with active low-end transactions and a rebound in market sentiment.. The fundamentals are showing an upward trend in the short term, with sufficient supply on the market. Pure benzene may continue to rise in the short term, and we are waiting to see if the cost and demand sides can improve. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in demand and downstream equipment dynamics on the price of pure benzene.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The average quotation for PS this week is 10300 yuan/ton, and the market is stable. The cost support for PS is not good, and the demand is average. It is expected that the domestic PS (polystyrene) price will mainly fluctuate downward in the short term.

This week’s EPS market has fluctuated and stabilized, with an average price of 10725.00 yuan/ton for ordinary materials over the weekend. EPS prices have slightly fallen. The cost side support is average, coupled with downstream high price resistance, production and digestion of early finished product inventory are the main factors, and the market wait-and-see atmosphere is obvious, resulting in weak new order transactions. On the demand side, the recovery of downstream demand in the north is relatively slow, and the demand for home appliance packaging is improving. It is expected that the overall recovery of demand will be relatively slow next week.

The domestic ABS market has been stable recently. The demand side has just entered the market, and the support for spot goods is gradual. It is expected that there will be limited changes in the fundamentals in the later period, and in the short term, the ABS market may continue to operate at a high level and remain strong.

Recently, international oil prices have been fluctuating, driving high levels of pure benzene and low inventories of styrene. Downstream demand remains strong, and it is expected that the short-term volatility in the styrene market will be mainly lower.