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 8733.33 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8616.67 yuan/ton, a decrease of 1.34%. The price has increased by 6.05% 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 fluctuated slightly in the past month, with a slight decline in the market this week. The price of raw material pure benzene has decreased, with poor cost support. Downstream demand has not improved, and spot transactions of styrene have been weak, causing market volatility to decline.

In terms of raw materials, the price of pure benzene continued to decline this week, with weaker purchasing intentions from downstream customers and sluggish spot transactions. The pure benzene market continued to decline. The main listing has been lowered, and the Shandong Refinery’s quotation continues to decline. After the price drop, traders took advantage of bargains to purchase and deliver orders within the week, resulting in a warmer transaction.

In terms of downstream market, the three major downstream markets of styrene have fluctuated. The domestic PS market continues to decline, with a range of 80-100 yuan/ton. The significant decline in crude oil has driven down pure benzene and styrene, and the price of PS ordinary materials has also fallen, with a temporary decrease less than that of the upstream. Merchants mainly sell at a profit margin and negotiate with actual orders, with some low level transactions.

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

Recently, the domestic ABS market has experienced slight fluctuations, and the high load in the ABS industry has continued. As of the end of last week, the average weekly operating rate was around 72%. The production of the enterprise is stable, with a slight increase in weekly total production and a significant increase in inventory positions. 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, or it will maintain a weak consolidation market.

Recently, Russia and Saudi Arabia have reduced production, international oil prices have slightly increased, and cost support is still acceptable. In the near future, styrene supply may weaken, and under the dual positive situation, it is expected that the short-term volatility of the styrene market will be mainly higher.