According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently fallen. At the beginning of the week, the average price of styrene in Shandong was 82833.33 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8266.67 yuan/ton, a decrease of 0.20%. The price has increased by 1.85% 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 decreased in the past month, and the decline in the market this week is greater than the increase. The price of raw material pure benzene has fallen, with poor cost support, and downstream demand has not improved. The spot trading of styrene is weak, and the market is fluctuating and falling.

In terms of raw materials, the price of pure benzene fluctuated slightly this week, with Sinopec’s price of pure benzene at 6800 yuan/ton (synchronized with prices in Shandong and Hebei regions). The trading atmosphere in the Shandong market is relatively light, but there are also traders who normally purchase and deliver orders within the week, resulting in overall poor transactions.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The domestic PS market continues to decline, with an average PS price of 9600 yuan/ton at the beginning of this week and 9500 yuan/ton over the weekend, a decrease of 1.04% and a decrease of 4.36% compared to the same period last year. The cost of PS is weak, and the market is mostly wait-and-see. It is expected that the domestic price of PS (polystyrene) will mainly fluctuate downward in the short term.

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 transactions are average, with a strong wait-and-see atmosphere on the market. Buying is mainly in demand.

Recently, the domestic ABS market has experienced slight fluctuations. The high load in the ABS industry has continued, and the production of enterprises has remained stable. The weekly total production has slightly increased, and the inventory position has significantly increased. The on-site supply of goods is abundant, and the profitability of the enterprise is poor. The drag on the spot market by the supply side has expanded, resulting in high supply pressure. 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.

Recently, crude oil prices have fallen, with poor cost support. Units such as Shell and Zhejiang Petrochemical are about to restart, and there is an expectation of an increase in styrene inventories. It is expected that the short-term volatility and decline in the styrene market will be the main factors.