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.