According to the monitoring of bulk data of the Business News Agency, the mainstream price of styrene in Shandong Province fell first and then rose recently. The average price of styrene in Shandong at the beginning of the week was 8550.00 yuan/ton, and the average price of styrene in Shandong at the weekend was 8483.33 yuan/ton, a decrease of 0.78%. The price fell 6.05% from the same period last year.

styrene

Recently, the market price of styrene fell first and then rose. It can be seen from the above figure that the recent price of styrene has mainly fluctuated slightly, and the price decline this week was greater than the increase. The international crude oil price is volatile, the pure benzene market is weak and consolidated, and the cost support is poor. The styrene manufacturers are actively shipping, and the market is lower. The styrene inventory in the later period decreases rapidly, and the styrene market stops falling and rises.

In terms of raw materials, the trend of pure benzene fluctuated this week. At the beginning of the week, the price of pure benzene was 6803-7000 yuan/ton (the average price was 6901 yuan/ton), and at the end of the week, the price of pure benzene was 6903-7000 yuan/ton (the average price was 6925 yuan/ton), down 0.11% from last week, up 1.46% from the same period last year. The fundamentals of pure benzene continue to be weak, and the downstream is more wait-and-see, and the purchase intention is general; Crude oil continued to fall in the week, and the cost of pure benzene market formed a negative pressure; Downstream styrene slightly strengthened, boosting the pure benzene market.

Downstream, the three major downstream of styrene rose and fell in different ways. At the beginning of the week, the average price of PS common material was 9633 yuan/ton, and at the end of the week, the average price of PS common material was 9600 yuan/ton, down 0.35%. At present, the supply of goods in PS market is slowly digested, and the pressure of merchants to ship goods is not reduced, and the price reduction is the main. The mainstream price of GPPS in the East China market is 8800-10700 yuan/ton, and the mainstream price of HIPS is 9700-11000 yuan/ton.

Recently, the EPS price fluctuated and fell. The overall turnover weakened on a month-on-month basis. The average price of EPS ordinary materials is 10250 yuan/ton, and the buying enthusiasm is not high. The EPS market quotation is weak, and the manufacturers maintain a stable price for shipment, and the terminal demand performance is low.

Recently, the domestic ABS market fell first and then rose. According to the data monitoring of the Business News Agency, the average price on February 10 was 12000 yuan/ton, down 0.83% from the average price at the beginning of the month. At present, the downstream factories, including the main terminal appliance industry, are in order to prepare goods, and the recent demand is fair, and the goods are normally transported in the field. Buyers and merchants followed the market and performed steadily.

The recent volatility of crude oil prices has limited impact on styrene, and the downstream recovery is accelerating. The styrene inventory is well digested. It is expected that the short-term volatility of the styrene market will rise.