1、 Price trend
| ferric sulfate (Poly ferric sulphate) |
According to the monitoring of the bulk data of business agency, the mainstream price of styrene in China this week was weak and fluctuated slightly, falling slightly. On Monday (August 17), the price of sample enterprises of business agency was 5250.00 yuan / ton, while on Friday (August 21), the price of sample enterprises was 5133.33 yuan / ton, a decrease of 2.22%. The price fell 39.37% compared with the same period last year.
2、 Market analysis
This week, the market price of styrene was weak and fluctuated slightly. On August 17, East China styrene closed at 5250.00 yuan / ton, while on August 21, 5100-5200 yuan / ton, a decrease of 150 yuan / ton. The above is Zhangjiagang export price. On August 17, South China styrene closed at 5200-5250 yuan / ton, and on August 21, 5150-5200 yuan / ton, down 50 yuan / ton, and the prices of the above factories were delivered.
In terms of raw materials, the recent international oil price showed a narrow wave dynamic trend, and the prices of pure benzene and ethylene both dropped slightly.
As of Thursday (August 20), the mainstream ethylene quotation was 693.25 yuan / ton, down 9.25 yuan / ton or 1.32% from 702.50 yuan / ton on Monday (August 17). The operating rate of styrene and ethylene oxide in the downstream of ethylene decreased, and the demand for raw materials procurement decreased. At the same time, the recent import of ethylene ships to the port, the supply increased significantly. Good supply and demand factors, weak market support.
As of Thursday (August 20), the mainstream quotation of pure benzene was at 3410.00 yuan / ton, down 10 yuan / ton or 0.29% from 3420.00 yuan / ton on Monday (August 17). The price of pure benzene in East China is affected by the high level of port inventory and the forced withdrawal of spot goods, and the downstream styrene price drops, the market is short of buying gas, and the pure benzene center of gravity fluctuates and weakens, and the price drops.
In terms of inventory, the short-term oversupply situation has not changed, and the mainstream inventory is still at a high level. The arrival of styrene in port is stable, the warehouse capacity is tight, and the spot selling pressure is huge. Total inventory in East China this week was 347000 tons, down 1.81% from 353400 tons last week. This week, some of the cargo ships that failed to unload last week queued up for unloading this week due to the delay, and the de stocking progress of mainstream high inventory was slow. For domestic styrene, the domestic styrene operating rate increased slightly this week, with an average operating rate of 82.96% last week and 83.92% this week, with an increase of 0.97%. Domestic styrene supply is sufficient.
On the downstream side, the styrene downstream overall stable this week, ABS rose significantly, still maintain considerable production and sales profits.
| povidone Iodine |
In the PS market, as of Thursday (August 20), the mainstream ex factory price of PS in East China was 7916.67 yuan / T, which was stable compared with Monday (August 17). This week, the tight supply of goods has eased, the market continues to be weak, and there is no good news to stimulate the market to stabilize and consolidate.
In the EPS market, the mainstream ex factory price of EPS in East China was 8012.50 yuan / ton as of Thursday (August 20), which was stable compared with Monday (August 17). The market trend was light and the price was temporarily stable. The downstream continues to purchase on demand, and the overall trading performance of the market is poor. Business bearish after the market, the actual operation of more stable down.
In the ABS market, as of Thursday (August 20), the mainstream ex factory quotation of ABS Zhejiang was 14250.00 yuan / ton, up 600 yuan / ton or 4.40% from 13650.0 yuan / ton on Monday (August 17). This week, the decrease of ABS imported materials led to the overall supply tension, the terminal demand was fair, the petrochemical plant started to maintain full load operation, and the petrochemical plant was in a strong mood.
3、 Future prospects
Crude oil fluctuates in a narrow range, ethylene falls and pure benzene is expected to decline. Next week, the cost support of styrene will weaken, and the styrene supply side will remain unchanged. However, the styrene inventory is still high and the supply pressure is still under. Although the downstream demand is good, the mainstream downstream rigid demand is mainly supported. It is expected that styrene will be dominated by weak finishing next week. The market needs to pay close attention to the trend of crude oil price.
| http://www.lubonchem.com/ |