According to the bulk data monitoring of business society, the mainstream price of styrene in Shandong rose this week. At the beginning of the week, the price of sample enterprises of business society was 10093.33 yuan / ton, and at the end of the week, the price of sample enterprises was 9975.00 yuan / ton, a decrease of 1.17%. The price fell by 2.21% compared with the same period last year.

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Styrene market price fluctuated slightly this week. It can be seen from the above figure that the price of styrene has mainly increased recently, and the price fell first and then rose this week. At present, the domestic styrene operating rate is at a low level, some factories are shut down for maintenance, there is no great pressure on the styrene inventory, the international crude oil price is dominated by styrene, the styrene market transaction is OK, the price fluctuates and rises slightly.

In terms of raw materials, the focus of pure benzene Market weakened in the first half of the week due to the sharp decline of crude oil. Affected by the impact of low-cost hydrogenated benzene in Shandong, enterprises generally take goods, and the price has fallen continuously. In the second half of the week, with the rebound of crude oil and the wide rise of Asian pure benzene, the cost support strengthened, and the center of gravity of pure benzene rebounded. Due to the decline of Sinopec’s output and the continuous decline of East China port inventory to about 97000 tons, the supply of pure benzene is expected to be tight, and the price of main refineries is rising. Shandong was supported to rise, but the increase was limited.

Downstream, the three downstream styrene rose or fell this week. The price of PS in the domestic market rose steadily and slightly, and the current price is 10683.33 yuan / ton.

The price of domestic EPS fell. Recently, the ordinary materials of Jiangsu sample enterprises were 11100 yuan / ton, which was the same month on month, and the resistance fuel was 12000 yuan / ton, which was the same month on month. Poor downstream demand. It is expected that the domestic EPS price may be weak in the short term.

This week, the overall support of ABS cost side upstream three materials was poor. In terms of industry load, there has been a resumption of domestic production lines recently, and the operating rate of ABS enterprises has increased compared with last month. The mentality of manufacturers has weakened and the factory price has been reduced. China’s health incidents still have a great impact on some parts of East China. Logistics and production are affected, which depresses a certain amount of demand. The goods are not smooth in the field, and the offer falls. The situation in Russia and Ukraine in Eastern Europe has become increasingly tense, resulting in the closure of many oil fields and the rise of crude oil. However, the transmission effect of price to ABS industrial chain is general, and the market differences are large. At present, the main bad news in the market is the contraction of downstream demand.

The international crude oil market is expected to rise. Styrene is likely to follow the trend of crude oil, while the output of styrene factory is stable and the downstream demand is slightly insufficient. Generally speaking, if the raw material level rises next week, the styrene market will follow the rise.