Summary of spot price trend of precious metals

According to the data of business agency, on March 16, the average price of silver market in early trading was 5088 yuan / kg, with a daily increase of 0.47%, which was 1.62% higher than the average price of 4928.33 yuan / kg in spot market at the beginning of the month (March 1); Compared with the early trading average price of 4770 yuan / kg in the spot market at the beginning of the year (January 1), an increase of 4.99%.

On March 16, the spot market price of gold was 391.20 yuan / g, a daily drop of 1.84%, up 1.01% from the early average price of 387.29 yuan / g in the spot market at the beginning of the month (March 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 372.37 yuan / kg, an increase of 5.06%.

Comparison of price trends of precious metal gold and silver in recent 1 year

In the long term, the price trend of precious metals has a good convergence, and the long-term trend is basically the same. Today, the price deviates.

Price trend of precious metals and crude oil

List of policies

On March 15, the people’s Bank of China launched a 200 billion yuan medium-term lending facility (MLF) operation and a 10 billion yuan open market reverse repurchase operation. Among them, the bid winning interest rate of one-year MLF is 2.85%, and the bid winning interest rate of seven-day reverse repurchase is 2.10%, which are the same as before.

The central bank today launched a 10 billion yuan reverse repo operation. As 10 billion yuan of reverse repo expired today, it realized zero delivery and zero return on the same day.

The bid winning interest rate of the central bank and the Ministry of Finance for one month treasury cash deposit is 3.41%.

Future forecast

The risk aversion caused by geopolitical factors such as the situation in Ukraine began to subside. The Russian central bank said that from the 15th, it would suspend the purchase of gold from credit institutions; High inflation concerns in Europe and the United States began to rise. The Federal Reserve may raise interest rates for the first time since December 2018, raising the federal funds rate from 0% since the pandemic to 0.25%. Interest rate hikes depress interest free hedging assets.

In the long run, the monetary easing policy is gradually ebbing, and the expectation of interest rate hike suppresses the continuous rise of precious metal prices.

Recent macro data of concern include:

Wednesday: API crude oil inventory in the week from 04:30 to March 11 in the United States; 20: 30. The monthly CPI rate of Canada in February, the monthly wholesale sales rate of Canada in January, the monthly retail sales rate of the United States in February, and the monthly import price index rate of the United States in February; 22:00 us march NAHB real estate market index and US January commercial inventory rate; 22:30 EIA crude oil inventory of the week from the United States to March 11 and EIA strategic oil reserve inventory of the week from the United States to March 11;

Thursday: from 02:00 to March 16, the Federal Reserve’s interest rate decision; 08:30 Australian February seasonally adjusted unemployment rate; 15: 00 Swiss February trade account; 18: 00 euro zone February CPI annual rate and euro zone February CPI monthly rate; 20: UK Central Bank’s interest rate decision from March 17; 20: 30. The number of initial jobless claims in the week from March 12, the annualized total number of new housing starts in February, the total number of construction permits in February, and the Philadelphia Fed Manufacturing index in March; 21:15 monthly industrial output rate of the United States in February; 22:30 EIA natural gas inventory of the week from the United States to March 11;

Friday: 07:30 Japan February core CPI annual rate; 11: The yield target of 10-year Treasury bonds from Japan to March 18 and the interest rate decision of the Central Bank of Japan to March 18; 18: 00 euro zone quarter adjusted trade account in January; 18: 30. The interest rate decision of the Central Bank of Russia from March 18; 20: 30 Canadian retail sales rate in January; 22:00 annualisation of the total number of existing home sales in the United States in February, and the monthly rate of leading indicators of the American Chamber of Commerce in February; Saturday: the total number of oil wells drilled in the week from 01:00 to March 18 in the United States.

According to the monitoring of the business agency, the price index of the domestic rare earth market fell slightly. Recently, the rare earth market fell slightly. Recently, the price of some domestic praseodymium neodymium series fell, and the price of the heavy rare earth market fell slightly. On March 13, the rare earth index was 985 points, unchanged from yesterday, down 2.18% from the highest point 1007 points in the cycle (2022-02-24), It was 263.47% higher than the lowest point 271 on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to now), an increase of 270.48% from the lowest point of 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the price of domestic light rare earth market has decreased slightly, and the price of mainstream praseodymium and neodymium in the rare earth market has mainly declined. Specific products:

It can be clearly seen from the product price trend chart that the price trend of domestic neodymium oxide, praseodymium oxide, metal neodymium, praseodymium neodymium alloy and praseodymium neodymium oxide decreased slightly, and the price trend of praseodymium oxide was temporarily stable. As of the 14th, the price of neodymium oxide in rare earths in China was 1.16 million yuan / ton, down 4.13% this week; The price of neodymium was 1.42 million yuan / ton, down 4.38% this week; The price of praseodymium oxide was 1.075 million yuan / ton, down 1.38% this week; The price of praseodymium neodymium oxide was 1055000 yuan / ton, down 4.09% this week; The price of praseodymium neodymium alloy was 1.33 million yuan / ton, with a decline of 2.21% this week; The price of metal praseodymium was 1.39 million yuan / ton. The price trend was flat this week, and the trend of domestic rare earth market fell.

The price trend of the domestic rare earth market declined, the supply gap in the field remained, the metal factory started normally and the demand remained stable, but the inventory of downstream manufacturers was sufficient and the inquiry was very cold, resulting in the decline of the market price trend. Recently, some separation enterprises have started gradually, so the contradiction between supply and demand has been alleviated slightly. The price trend in the field is mainly declining, the downstream demand is normal, and the supply and demand gap in the rare earth field still exists. There is a game between the upstream and downstream, the mainstream price of rare earth is weak as a whole, and the market wait-and-see mood is strong. The rapid development of the new energy industry has driven the development of many industries. The upstream material rare earth permanent magnet has also caught the “express”. In addition, the sales of new energy vehicles are normal, the demand for rare earth is at a high level, the price inquiry of rare earth oxide is poor, and the market has fallen. Recently, the wait-and-see mood in the downstream has increased, and the price trend in the venue has declined.

The national environmental protection supervision is still continuing, and the peak season of traditional demand for rare earth has come to an end. However, the launch of relevant policies of the rare earth industry on the site is expected, the supply and demand is expected to resonate with the policies, and the rare earth market is still maintained. In addition, the inventory of neodymium praseodymium oxide has been at a low level, and the decline of price trend is limited. According to statistics, the demand for new energy vehicles increased. According to the data released by China Automobile Industry Association, in February 2022, China’s automobile production and sales reached 1.813 million and 1.737 million respectively, with a month on month decrease of 25.2% and 31.4%, a year-on-year increase of 20.6% and 18.7%. The automobile production and sales showed a steady and small growth. Driven by the dual drive of market and policy, the demand market for vehicle specification semiconductors broke out in an all-round way, Recently, there is a high demand in the field of new energy, and the domestic light rare earth market demand has been supported to some extent. Affected by the inactive purchase, the price trend of domestic heavy rare earth market fell.

As can be seen from the trend chart, the price trend of domestic dysprosium series has declined. As of the 14th, the price of dysprosium oxide was 3.025 million yuan / ton, down 2.42% this week, the price of dysprosium ferroalloy was 3.01 million yuan / ton, down 2.75%, the price of metal dysprosium was 3.925 million yuan / ton, down 1.51% this week, the price of domestic terbium series fell, and the price of domestic terbium oxide was 14.8 million yuan / ton, The price of metal terbium is 18.95 million yuan / ton. The price trend of heavy rare earths has dropped, the transaction market of domestic rare earth market is acceptable, and the leading magnetic material factory is not active in purchasing, which has cooled the domestic heavy rare earth market slightly. Recently, some separation enterprises in the areas where medium and heavy rare earth mines are used, such as Jiangxi, Hunan, Guangdong and Guangxi, have been restarted, and the supply has been alleviated to some extent, but the export of Myanmar is limited, The global supply of rare earths is relatively concentrated, and Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on products in the domestic heavy rare earth market. Recently, the on-site procurement is not active, and the on-site heavy rare earth price trend has declined.

In addition, with the support of national policies, the first batch of Rare Earth total amount control indicators in 2022 meet the expectations, and the industry pattern continues to be optimized. The Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the mining indicators and smelting separation indicators are 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earth is 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earth, which will be a long-term trend. The rise in foreign demand has led to some support for the domestic rare earth market. On the whole, the inquiry list in the market is cold, and the domestic rare earth market has cooled down.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand has been supported to a certain extent. In addition, the domestic rare earth supply is still tight. Recently, the on-site transaction market has dropped, and the supply enterprises will continue to restart in the later stage. Chen Ling, a business social analyst, predicts that the market price of rare earth may continue to fall in the later stage.

According to the data monitored by the business agency, the average price of domestic rubber grade excellent white carbon black was 6300.00 yuan / ton as of March 14. This week, the white carbon black market rose slightly, and the price rose by 3.28%. The white carbon black price is stable and strong. At present, the market supply side is normal and the cost support is general. This week, the white carbon black market trend is strong and the negotiation focus is high.

This week, the mainstream price of white carbon black is about 6300 yuan / ton, with an upward trend. Compared with the same period last week, the price increases by 3.28%. The overall market is in balance between supply and demand, mainly for just needed procurement, mainly for contract customers. The negotiation atmosphere is flat, and the white carbon black market is stable, medium and strong.

At present, the price of Shanxi Huatong / Xiaocheng hydrochloric acid has risen by 135 tons, and the price of Shanxi Huatong / Xiaocheng hydrochloric acid has risen by the end of March. At present, the price of Shanxi Huatong / Xiaocheng is the strongest, and the price of Shanxi Huatong / Xiaocheng hydrochloric acid has risen by 230 tons. As of March, the price of Shanxi Huatong / Xiaocheng is the highest.

Ranking of chemical index: on March 13, the chemical index was 1214 points, the same as yesterday, down 13.29% from the highest point of 1400 points in the cycle (2021-10-23), and up 103.01% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

Business agency white carbon black analysts believe that: in the short term, white carbon black is relatively strong, and the cost side has a certain support. (to know more about the industry chain market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the commodity price).

DOP prices stabilized after rising this week

According to the data monitoring of the business agency, the DOP price stabilized after rising this week, and the DOP market warmed up. As of March 11, the DOP price was 12975 yuan / ton, up 4.22% from the DOP price of 12450 yuan / ton on March 4; Compared with the DOP price of 11900 yuan / ton on March 1 at the beginning of the month, an increase of 9.03%.

The price of isooctanol fluctuated and rose this week

According to the price monitoring of business agency, the price of isooctanol in China rose this week. As of March 11, the price of isooctanol was 13633.33 yuan / ton, up 5.14% from 12966.67 yuan / ton on March 4. Since the release of the mitigation signal of the conflict between Russia and Ukraine on March 9, the rise in the price of isooctanol has slowed down. This week, the price of isooctanol fluctuated and rose, the cost of DOP rose, and the driving force of DOP rise was large. With the slowdown in the rise of isooctanol, the support for future DOP rise weakened.

Phthalic anhydride prices rose this week

According to the price monitoring of business society, the price of phthalic anhydride stabilized after rising this week. As of March 11, the price of phthalic anhydride was 9150 yuan / ton, up 7.96% from 8475 yuan / ton on March 4 last weekend. With the release of the news on the mitigation of the conflict between Russia and Ukraine, the price of crude oil plummeted and the rise of phthalic anhydride slowed down. On March 11, the price of phthalic anhydride was temporarily stable, the price of phthalic anhydride increased, the cost of DOP raw materials increased and the cost support was large; The price of phthalic anhydride stabilized, the support of DOP rise weakened, and the downward pressure remained.

Future expectations

According to DOP data analysts of business agency, the conflict between Russia and Ukraine has intensified, the price of crude oil has soared, the prices of DOP raw materials isooctanol and phthalic anhydride have risen, and the cost of DOP has risen; As the conflict between Russia and Ukraine is expected to ease, the price of crude oil has fallen sharply, the rise of isooctanol and phthalic anhydride has slowed down, the price of DOP raw materials has stabilized, and the upward momentum of DOP has weakened. In the future, the demand for plasticizers is temporarily stable, the upward momentum of DOP is weakened, and the downward pressure remains. It is expected that the price of DOP will stabilize.

According to the data monitoring of business agency, the price of industrial grade and battery grade lithium carbonate maintained a steady upward trend this week. On March 10, the average price of industrial grade lithium carbonate in East China was 469000 yuan / ton, which was 2.72% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 456600 yuan / ton on March 6). On March 10, the average price of battery grade lithium carbonate in East China was 491000 yuan / ton, which was 2.72% higher than that at the beginning of the week (the average price of battery grade lithium carbonate in East China was 478000 yuan / ton on March 6). As of March 10, the comprehensive quotation of industrial grade lithium carbonate market is about 430000 ~ 520000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market is about 470000 ~ 530000 yuan / ton.

According to the observation of market changes, the price of lithium carbonate maintained a steady upward state this week. After entering March, the lithium salt plant basically resumed normal production, and the market supply has increased. However, some lithium salt plants are still in a long order state, and the spot supply is still tight. The demand for iron lithium and ternary power end is still increasing, but in the face of lithium salt products with high prices, the capital turnover of downstream manufacturers has encountered great challenges. The procurement status is under pressure, the production scheduling plan is reduced, and the demand is reduced, so the tension of lithium carbonate spot is alleviated.

The price of lithium hydroxide in the downstream remains stable. At present, the supply of lithium hydroxide is low, and there is a certain increase in the downstream procurement demand. Therefore, the price of lithium hydroxide has increased rapidly in the near future, and the overall supply and demand pattern is still dominated by a large amount of depots.

The price of lithium iron phosphate in the downstream shows an upward trend, the supply of manufacturers is tight, the supply side is insufficient, the inventory is low, and the price of raw materials in the upstream is high, which has a certain support for the lithium iron phosphate Market. At present, the focus of market negotiation is on the high side, the downstream just needs procurement, the transaction atmosphere is OK, and there is a continuous upward trend.

The lithium carbonate analyst of business society believes that at present, the supply gap of lithium carbonate still exists, and the goods preparation of downstream enterprises is basically completed in March. Therefore, the demand for lithium carbonate has been reduced, but the spot is still in a relatively tight state, and the short-term price growth of lithium carbonate is expected to ease.

1、 Price trend

According to the bulk data list of business society, the average price of domestic hips on March 4 was 12066.67 yuan / ton, an increase of 233 yuan / ton compared with 11833.33 yuan / ton at the beginning of the week, an increase of 1.97% during the week and 1.4% compared with the beginning of the month.

2、 Market analysis

The hips market rose slightly this week, with an increase of about 2% during the week. The raw material styrene fluctuated and rose with linkage. In addition, under the dual support of production reduction of some units and cost and supply, the hips market rose. However, at present, the middle and lower reaches continue to be just in need of purchase, and the transactions at high prices are the same. Many operators wait-and-see the market with a cautious attitude. By the end of the weekend, according to the data of business society, the mainstream ex factory price of hips was mostly about 11600-14600 yuan / ton, and the price of GPPS was mostly 10100-12600 yuan / ton. The PS market rose as a whole during the week.

In the international crude oil market, the price of international crude oil futures rose sharply on March 4. The settlement price of the main contract of us WTI crude oil futures was US $115.68/barrel, down US $8.01 or 7.4%; The settlement price of the main contract of Brent crude oil futures was US $118.11/barrel, down US $7.65 or 7.9%. Western sanctions blocked Russian oil exports, overshadowing the supply benefits brought by Iran’s return to the international market.

In terms of raw materials, the market price of styrene fluctuated and rose this week. On February 28, East China styrene closed near 9270 yuan / ton. On March 2, East China styrene closed at 9520 yuan / ton, which is the export price of Zhangjiagang. On February 28, South China styrene was quoted at 9350 yuan / ton. On March 2, South China styrene was quoted at 9550 yuan / ton. The above factory delivery price.

3、 Future forecast

The business agency believes that at present, the raw materials fluctuate and rise, the cost support is strengthened, and the positive help of the supply side leads to the rise of hips prices, which is still expected to rise in the short term.

According to the monitoring data of business society, as of March 4, 2022, the average price of organosilicon DMC market quotation in mainstream areas was 37300 yuan / ton. Compared with the price on February 28, 2022 (the reference price of organosilicon DMC was 36400 yuan / ton), the average price increased by 900 yuan / ton, or 2.47%.

It can be seen from the data monitoring chart of business agency that in the first week of March, the domestic silicone DMC market showed an overall upward trend. At the beginning of the week, the overall high level of silicone DMC market was dominated by the overall operation. Some manufacturers in the field closed their plates without reporting, and the downstream demand performed well. In the middle of the week (2nd), Shandong large factory took the lead in raising the ex factory price of organosilicon DMC by 800 yuan / ton. The ex factory price of organosilicon DMC in this factory is 38000 yuan / ton. Other organosilicon DMC factories and suppliers also raised the ex factory price of organosilicon DMC by 500-1000 yuan / ton. Then, the organosilicon DMC market continued to operate at a high level. As of March 4, the ex factory price of domestic silicone DMC was 36000-37500 yuan / ton, and the price increased by about 600-1000 yuan / ton during the week, with an increase of nearly 2.5% during the week. At present, some downstream mentality of silicone DMC has changed, and some buying is cautious, but the overall trading atmosphere is still not good, and the overall good atmosphere of the market is still dominant.

In terms of upstream metal silicon, in early March, the domestic metal silicon (441#) market rose slightly. According to the monitoring data of business society, the average reference price of metal silicon was 23060 yuan / ton on March 4, up 3.61% compared with 22890 yuan / ton on March 1.

Silicone DMC market outlook forecast

With the high level of DMC, the demand and supply of organosilicon market will continue to rise, and the demand of organosilicon market will continue to be high. At present, the demand and supply of organosilicon market will continue to rise. With the change of DMC in the domestic market, the demand of organosilicon market will be cautious, and the demand and supply of organosilicon market will continue to rise.

1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell this week. As of March 6, the average price of phenylhydrogenation maleic anhydride remained at 12166.67 yuan / ton, down 6.41% from the average price of 13000.00 yuan / ton on February 28 and up 6.73% from the same period last month.

On March 6, the maleic anhydride commodity index was 114.61, unchanged from yesterday, down 31.14% from the highest point of 166.43 in the cycle (2021-12-15), and up 123.94% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started to decline. Recently, the downstream unsaturated resin market has increased slightly. At present, the operation has increased, but the rigid demand is limited. As of June 6, the solid anhydride in Shandong was about 11500 yuan / ton, that in Jiangsu was about 11500 yuan / ton, that in Shanxi was about 11500 yuan / ton, that in Hebei was about 11500 yuan / ton, and that in South China was about 11500 yuan / ton. At the beginning of March, the supply in Shandong increased, and the units in South China were shut down centrally.

Upstream, pure benzene rebounded broadly after a narrow decline this week. The average price of pure benzene was 7940 yuan / ton on February 25 and 8460 yuan / ton on March 4, an increase of 520 yuan / ton or 6.55% over last week. The market price of hydrogenated benzene in North China rose this week, from 7975 yuan / ton on February 28 to 8175 yuan / ton on March 6, an increase of 2.51%. In terms of n-butane, the price in Shandong was 7200 yuan / ton as of March 6.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is closed and wait-and-see, and the construction of downstream resin manufacturers has increased, but the just need to purchase is general. At present, the sharp rise in the price of crude oil drives the rise in the price of domestic raw materials. It is expected that the maleic anhydride market may fluctuate upward in the near future.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this week, and the average price of domestic mainstream market price of neopentyl glycol fell from 19666.67 yuan / ton last weekend to 18833.33 yuan / ton this weekend, down 4.24%.

2、 Market analysis

The quotation of mainstream neopentyl glycol manufacturers fell this week: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the weekend was 18000 yuan / ton, which fell by 2000 yuan / ton compared with last weekend; The distribution price of Shandong Zhiying Jihua neopentyl glycol at the weekend was 20000 yuan / ton, which was temporarily stable compared with last weekend. The distribution price of Jinan aochen Wanhua neopentyl glycol at the weekend was 18500 yuan / ton, which was 500 yuan / ton lower than that at the weekend

From the upstream raw material market of neopentyl glycol, the isobutyraldehyde market rose slightly this week. The average price of isobutyraldehyde in the mainstream market rose from 13933.33 yuan / ton at the beginning of the week to 15133.33 yuan / ton at the end of the week, up 1200 yuan / ton, or 8.61%. The market price of upstream raw materials rose slightly, and the cost support was strengthened. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

3、 Future forecast

The market trend of neopentyl glycol in the middle and early days of March may rise slightly. The upstream isobutyraldehyde market rose slightly, the cost support was strengthened, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol in business society believe that the short-term neopentyl glycol market may rise slightly due to the influence of supply and demand and raw materials.

According to the bulk data monitoring of business society, the mainstream price of styrene in China rose in shock this week. On Monday (February 28), the price of the sample enterprises in the business community was 8980.00 yuan / ton, and on the weekend (March 3), the price of the sample enterprises was 9120.00 yuan / ton, an increase of 1.56%. Prices fell 29.2% over the same period last year.

The market price of styrene fluctuated and rose this week. On February 28, East China styrene closed near 9270 yuan / ton. On March 2, East China styrene closed at 9520 yuan / ton, which is the export price of Zhangjiagang. On February 28, South China styrene was quoted at 9350 yuan / ton. On March 2, South China styrene was quoted at 9550 yuan / ton. The above factory delivery price.

In terms of raw materials, oil prices continued to rise amid the spread of war in Ukraine. The market is expected that the sanctions imposed on Russia may lead to a large withdrawal of oil assets, and the shortage of crude oil supply is expected to further increase in the coming months. Driven by the sharp rise of pure benzene, ethylene also rose continuously, and the cost of styrene supported strongly. Pure benzene followed the strong rise of crude oil, the strong rise of pure benzene in the external market, the domestic price of pure benzene followed the rise, the market offer was active, the transaction volume was large, and the port inventory was basically stable. As of Thursday (March 3), the mainstream quotation was 8155.00 yuan / ton, up 225 yuan / ton or 2.84% from 7930.00 yuan / ton on Monday (February 28).

Downstream, the three downstream styrene rose or fell this week. The market price of PS fell this week, with an average price of 10300 yuan / ton.

The EPS market fell slightly. As of Thursday (March 3), the mainstream ex factory quotation of EPS in East China was 10675.00 yuan / ton, down 25 yuan / ton or 0.23% from 10700.00 yuan / ton on Monday (February 28). There is a strong wait-and-see mood in the market. Most of the business offers follow the decline slightly. It is expected that the short-term PS market may be adjusted in a narrow range.

The ABS market rose slightly. As of Thursday (March 3), the mainstream ex factory quotation of ABS in Zhejiang was 14150.00 yuan / ton, up 50 yuan / ton or 0.35% from 14100.00 yuan / ton on Monday. ABS fluctuated less this week, the market demand was general, and the market rose slightly.

International crude oil rose sharply, pure benzene also increased greatly, and the cost side gave strong support to styrene. At present, on the inventory side, the market supply is still abundant, the downstream is expected to maintain rigid demand, and the supply and demand side continues to be deadlocked. Styrene is likely to follow the trend of crude oil. On the whole, if the raw material level is strong or continues to rise next week, the styrene market will continue to consolidate and rise.