According to the Commodity Market Analysis System of the Business Society, the mainstream prices of styrene in Shandong have been fluctuating and consolidating recently. At the beginning of the week, the average price of styrene in Shandong was 8566.67 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8533.33 yuan/ton, a decrease of 0.39%. The price has decreased by 0.19% compared to the same period last year.

styrene

Recently, the styrene market price has fluctuated slightly. From the above chart, it can be seen that the price of styrene has mainly increased in the past month, and the market has slightly declined this week. International oil prices have risen and cost support is still acceptable, but downstream production and sales profits are poor, procurement is cautious, and styrene market transactions are less than expected, leading to a decline in the market.

In terms of raw materials, the price of pure benzene has risen this week, while the negotiated price of pure benzene in East China has significantly increased. The industry expects that there will still be a shortage of imported goods on board in September, and there will be a demand for National Day restocking in the downstream by the end of September. Far-month prices will drive up spot prices. The transaction volume in Shandong was between 7890 and 7950 yuan/ton. The strengthening of crude oil boosted refinery confidence, and the offer rose. Downstream and traders followed suit moderately, but the overall transaction fell short of expectations.

On the downstream side, the three major downstream markets for styrene fluctuated slightly. The average quotation for PS this week is 9266.67 yuan/ton. Enquiries in the PS market have increased, but actual transactions are average. It is expected that the short-term PS market may be dominated by narrow range fluctuations.

The EPS market has been stable this week, and according to the Commodity Market Analysis System of Business Society, the average price of ordinary materials this week is 9775.00 yuan/ton. The EPS market lacks positive support, and it is expected that the domestic EPS market may be dominated by a narrow and weak trend.

Recently, the domestic ABS market has been weak and volatile, and the upstream three materials of ABS have fluctuated, weakening support for the cost side of ABS. The petrochemical plant started construction with a narrow increase compared to the previous period, and there is an accumulation of market inventory. On the demand side, support is weak, and the overall pattern of weak and rigid demand is maintained. It is expected that the ABS market may enter a narrow consolidation market.

At present, crude oil production is decreasing, the market is rising, and the cost support is good. The absolute value of styrene inventory is low, and under the dual benefits, it is expected that the short-term styrene market will fluctuate and rise mainly.