According to the commodity market analysis system of Shengyishe, the spot price of styrene in Shandong Province rose first and then fell in November. At the beginning of the month, the spot price of styrene in Shandong was 8783.33 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 8416.67 yuan/ton, a decrease of 4.17%. The price has increased by 9.31% compared to the same period last year.

styrene

The market price of styrene fell in November. From the above chart, it can be seen that the price of styrene has been mainly declining since mid September, and the decline in the market this month is greater than the increase. The main reason for the decline is the decline in international oil prices and poor cost support. Currently, the supply and demand of styrene are deadlocked, and transactions are slow. It is expected that the short-term volatility and decline in the styrene market will be the main reasons.

In terms of raw materials, the price of pure benzene fluctuated and fell in November, with a price of 7913 yuan/ton on November 1st; On November 30th, the price was 7200 yuan/ton, a decrease of 9.01% from the beginning of the month and an increase of 10.05% from the same period last year. Holders actively sell, but downstream customers have a poor buying atmosphere. Affected by some unplanned parking news from downstream, market negotiations continue to decline. The Shandong refinery reported a significant drop in prices, but the magnitude of the drop was lower than market expectations, resulting in weak transactions.

In terms of downstream, the three major downstream markets of styrene experienced mixed fluctuations in November. At the beginning of this month, the average price of PS was 9650 yuan/ton, and at the end of the month, the average price of PS was 9700 yuan/ton. The upstream raw materials of PS have declined, and market confidence is insufficient. It is expected that the short-term domestic PS (polystyrene) price may mainly fluctuate downward.

According to the analysis system of the commodity market of Shengyishe, the price of EPS ordinary materials fluctuated and fell in November. The average quote for EPS ordinary materials at the beginning of the month was 10100.00 yuan/ton, and the average price for EPS ordinary materials at the end of the month was 10076.00 yuan/ton, a decrease of 0.23%. In November, domestic EPS prices were affected by the decline in costs, and it is expected that the domestic EPS market will mainly experience a narrow range decline trend.

The domestic ABS market trend in November was weak and consolidated. In late November, the overall performance of the upstream three materials of ABS was mixed, and overall support for the cost side of ABS was average. The petrochemical plant has maintained its early stage of operation, and supply pressure continues. The demand side consumption is poor, and merchants are often bearish about the future market. It is expected that the ABS market will struggle to overcome the supply-demand contradiction in the short term and may maintain a weak consolidation trend.

At present, crude oil has rebounded, but the low supply and demand of styrene spot has suppressed the rise of styrene, and it is expected that the short-term volatility of the styrene market will be the main trend.