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 9133.33 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8616.67 yuan/ton, a decrease of 5.66%. The price has decreased by 2.27% 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 decreased since last month, and the market has continued to decline slightly this week. Last week, crude oil, raw materials, and major markets weakened, with average cost support. The production and sales profitability of styrene production enterprises is poor. Currently, downstream demand is mainly maintained, and the market is relatively cold, with insufficient spot transactions and high styrene inventory, leading to a downward trend in the market.

In terms of raw materials, the price of pure benzene continued to decline this week, with insufficient purchasing willingness from downstream customers. Overall, negotiations in East China have declined, and trading has been sluggish, with spot transactions ranging from 7700 to 7780 yuan/ton. The buying sentiment in the Shandong market is weak, and transactions continue to decline, with prices ranging from 7650 to 7740 yuan/ton.

In terms of downstream market, the three major downstream markets of styrene have fluctuated. At the beginning of this week, the average price of PS was 9933 yuan/ton, while on weekends, the average price of PS was 9700 yuan/ton, with a price increase of 2.35% and a decrease of 5.83% compared to the same period last year. The PS market transactions are average, and industry insiders are mainly wait-and-see. It is expected that in the short term, the domestic PS (polystyrene) price may fluctuate in a narrow range.

This week, the EPS market has declined, with weaker upstream support and a focus on market transactions. Terminal profits are meager, and EPS market inquiries have not increased. Prices are mostly stable, with a strong wait-and-see atmosphere on the market, and buying is mainly on demand.

Recently, the domestic ABS market has experienced a slight decline, and the upstream three materials of ABS have fallen and leveled off, which has loosened support for the cost side of ABS. The construction of petrochemical plants is at a high level, leading to the accumulation of social inventory. The demand side support has weakened, and pre holiday stocking consumption has gradually subsided. It is expected that the ABS market may still be weak in the short term.

At present, international oil prices have significantly increased, with good cost support. The restart of styrene plants is lower than the reduction in production, and there are many favorable conditions for the short-term styrene market. It is expected that the short-term styrene market will mainly fluctuate and rise.