1、 Price trend

 

EDTA 2Na

According to the monitoring of the bulk data of the business agency, the mainstream price of styrene in China has risen sharply this week. On Monday (October 26), the price of sample enterprises of business agency was 6600 yuan / ton, and this Friday (October 30) was 7050 yuan / ton, an increase of 6.82%. The price fell by 7.64% compared with the same period last year.

 

2、 Market analysis

 

This week, styrene market prices rose strongly. On October 26, East China styrene closed at around 6600 yuan / ton, and 6900-7150 yuan / ton on October 30, with an increase of 500-600 yuan / ton, and the above is the price of Zhangjiagang. On October 26, South China styrene closed at 6550-6600 yuan / ton, and 6850-6900 yuan / ton on October 30, with an increase of 300 yuan / ton, and the price of the above factories was delivered.

 

In terms of raw materials, crude oil fell sharply this week, and styrene cost support collapsed. The price of pure benzene and ethylene fell slightly this week. On Thursday (October 29), the mainstream price of pure benzene was 3600 yuan / ton, down 25 yuan / ton or 0.69% from 3625.00 yuan / ton on Monday (October 26). Although styrene rose strongly, pure benzene was affected by the collapse of crude oil, and the high inventory of pure benzene, the fundamentals were weak, and the price rise of pure benzene lacked sufficient support. This week, pure benzene failed to continue the upward trend of last week, the market demand of pure benzene decreased, and the resistance of downstream enterprises to high pure benzene was strong, and the market atmosphere was negative. In addition, the external market of pure benzene continued to fall, the external news was also difficult to benefit the market, so the price fell.

 

In terms of ethylene, the mainstream ethylene quotation on Thursday (October 29) was 735.00 yuan / ton, down 15.5 yuan / ton or 2.04% from 750.50 yuan / ton on Monday (October 26). This week, the domestic ethylene plant operating rate remained high. Ethylene ships from the United States, South Korea and other regions successively arrived at Hong Kong, increasing the supply of ethylene market. However, the downstream demand weakened and the market focus continued to move down.

 

In terms of inventory, port styrene inventory decreased this week. The total inventory in East China this week was 237300 tons, down 2.14% from 242500 tons last week. In terms of domestic styrene, the domestic styrene operating rate this week was 85.51%, which was basically unchanged from 85.47% last week, maintaining a high level. In addition to the tight spot supply in South China, the supply of styrene in other regions was fair.

EDTA

 

Downstream, styrene downstream overall operating rate is good this week, still maintain considerable production and marketing profits. In PS market, as of Thursday (October 29), the mainstream ex factory price of PS in East China was 7983.33 yuan / T, which was stable compared with last Friday. Although styrene rose strongly this week, the increase of purchasing gas in PS market was weak and the cost support was hopeless.

 

In the EPS market, as of Thursday (October 29), the mainstream ex factory price of EPS in East China was 7887.50 yuan / ton, flat compared with last Friday. The supply of EPS in East China market is still tight. Some factories are cautious in receiving orders. Downstream merchants are generally willing to buy goods. Some businesses are cautious and wait-and-see. The overall trading atmosphere is general.

 

In the ABS market, as of Thursday (October 29), the mainstream ex factory quotation of ABS in Zhejiang was 17500.00 yuan / ton, which was stable compared with last Friday. ABS prices remain high this week, supply side, petrochemical plant is still low inventory operation, ABS spot supply is tight. In terms of raw materials, the prices of styrene, butadiene and acrylonitrile have risen recently, and the cost support is strong. However, the downstream of the high price goods and passive a small number of follow-up, trading atmosphere has fallen, ABS prices high consolidation.

 

3、 Future prospects

 

In the later stage, the import source of goods arrived less, the terminal continued to reduce the warehouse, the domestic supply became tight, the downstream kept high load operation state, and the demand for styrene was strong. It is expected that styrene will be mainly concentrated in the next week.

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