According to the Commodity Market Analysis System of the Business Society, the mainstream price of styrene in Shandong has recently dropped first and then increased. At the beginning of the week, the average price of styrene in Shandong was 7695.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 7481.67 yuan/ton, a decrease of 2.77%. The lowest price is on the 15th, at 7335.00 yuan/ton, a decrease of 4.68%. The price has decreased by 33.68% compared to the same period last year.

styrene

Recently, the market price of styrene has dropped first and then increased. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and declining in the past two months, with prices dropping sharply this week and then rebounding slightly. After the significant decline in international crude oil prices, it also rebounded and increased. Styrene mainly fluctuated with cost fluctuations. Currently, downstream demand is mainly maintained, and spot transactions are poor. Overall, the styrene market is at a low level.

In terms of raw materials, international oil prices first fell and then rose. On June 16th, the NYMEX crude oil futures contract 07 rose by 71.78 US dollars per barrel, or 1.64%; ICE oil futures contract 08 rose by $0.94 per barrel, or 1.24%, at 76.61. This week, the price of pure benzene has slightly decreased, and the prices in the East China pure benzene market have fluctuated and fallen. Several new supply units are about to be put into operation, and businesses are still worried about oversupply in the future. Holders will ship at high prices, and the demand side will restock smoothly. The price increase momentum is insufficient. The spot transaction of pure benzene in East China was between 6100 and 6170 yuan/ton, while the transaction in Shandong was between 6050 and 6100 yuan/ton.

In terms of downstream market, the three major downstream markets of styrene are basically stable. The average price of PS this week was 9300 yuan/ton, a decrease of 18.85% compared to the same period last year. Weak follow-up on transactions, average transaction in the PS market, with little fluctuation in the market

The EPS market is stable this week, and according to the analysis system of the commodity market of the Business Society, the average price of ordinary materials is 9437.50 yuan/ton. Downstream procurement enthusiasm is not good, and it is expected that the market may be mainly volatile and weak in the short term.

Recently, the domestic ABS market has been stable, and the upstream three materials of ABS have weakened, which has not provided sufficient support for the cost side of ABS. The construction of petrochemical plants has slowed down, and the market supply of goods has begun to decrease. The pressure on on-site inventory has eased, but the demand side support is limited, maintaining a weak and rigid demand pattern overall. It is expected that the ABS market may form a weak supply and demand trend in the off-season, with limited decline.

The main trend of crude oil is a strong rebound, with low short-term styrene inventory. The Dragon Boat Festival holiday and the end of the month are about to come, and downstream may seek bargains to replenish, with decent support. It is expected that the short-term styrene market will fluctuate and rise mainly.