According to the monitoring of bulk data of Business News Agency, the mainstream price of styrene in Shandong has risen recently. At the beginning of the week, the average price of styrene in Shandong was 8600.00 yuan/ton, and at the end of the week, the average price of styrene in Shandong was 8550.00 yuan/ton, down 0.58%. The price fell 4.04% from the same period last year.

styrene

Recently, the styrene market price fluctuated and fell. It can be seen from the above figure that the recent price of styrene has been mainly rising in shock, and the price has started to decline this week. The international crude oil price fell continuously, the pure benzene market fell, the cost support was poor, the downstream demand was recovering, and the styrene market mainly fell with the cost decline.

In terms of raw materials, the trend of pure benzene this week fluctuated. On January 30, the price of pure benzene was 7000-7300 yuan/ton (average price: 7150 yuan/ton), and on Thursday (February 2), the price of pure benzene was 7000-7100 yuan/ton (average price: 7050 yuan/ton), up 0.11% from last week and 1.46% from the same period last year. The fundamentals of pure benzene continue to be weak, and the downstream is more wait-and-see, and the purchase intention is general; Crude oil continued to fall in the week, and the cost of pure benzene market formed a negative pressure; Downstream styrene slightly strengthened, boosting the pure benzene market.

Downstream, the three major downstream of styrene rose and fell in different ways. At the beginning of this week, the average price of PS common material was 9733 yuan/ton, and at the end of the week, the average price of PS common material was 9633 yuan/ton, down 1.03%. At present, the PS market is weak, styrene continues to be weak, merchants are weak in shipping, and the focus of negotiation is moving down. Reference for quotation of mainstream brands excluding tax: Zhenjiang Qimei PG33 reported 10330-10340 yuan/ton, Taiwan Taihua 5250 reported 9100 yuan/ton, Ningbo Taihua 535N reported 9090-9100 yuan/ton, Shanghai SECCO 123P reported 9280 yuan/ton, Thai Petrochemical 150 reported 9880 yuan/ton, Guangzhou Petrochemical 525 reported 8440-8450 yuan/ton.

Recently, the EPS price fluctuated and consolidated. The overall turnover weakened on a month-on-month basis. The average price of EPS ordinary materials is 10275 yuan/ton, and the buying enthusiasm is not high. The EPS market quotation is weak, and the manufacturers maintain a stable price for shipment, and the terminal demand performance is low.

Recently, the domestic ABS market has risen slightly. According to the data monitoring of the Business News Agency, the average price on February 3 was 12100 yuan/ton, 0.82% higher than the average price at the beginning of the month. At present, the downstream factories, including the main terminal appliance industry, are in order to prepare goods, and the recent demand is fair, and the goods are normally transported in the field. Buyers and merchants followed the market and performed steadily.

The crude oil price has fallen continuously and the cost support is general, but the downstream recovery is accelerating, and the styrene inventory on the floor is low. It is expected that the styrene market will be subject to higher volatility.