According to the bulk data monitoring of business agency, the mainstream price of styrene in Shandong fell violently this week. At the beginning of the week, the average price of Shandong styrene was 10278.57 yuan / ton, and at the weekend, the average price of Shandong styrene was 10085.71 yuan / ton, a decrease of 1.88%. The price increased by 8.01% over the same period last year.

styrene

Styrene market price fell this week. It can be seen from the above figure that the recent price of styrene has mainly fallen, and the price will continue to fall this week. The main reason is that affected by the continuous decline of crude oil prices, the price of pure benzene fluctuated and fell, which was difficult to support the styrene market, some maintenance devices were restarted, market stocks were expected to rise, and the overall news was weak. The spot price of styrene continued to decline.

In terms of raw materials, international crude oil continued to decline, pure benzene fell in the outer disk, and the guidance of external news was weak. The short-term pure benzene port inventory is tight, but the market is expected to increase supply in the future, the tight situation may be alleviated, and the market negotiation focus is soft. Recently, the price of pure benzene in China is 8800-9150 yuan / ton. The decline of pure benzene cannot support the price of styrene.

On the downstream side, the three major downstream styrene rose and fell mixed this week. At present, the PS market is weak and slightly down. The output increased slightly. The cost side support is weakened, merchants’ shipments are under pressure, and price reduction is the main operation. Zhenjiang Qimei pg33 reported 10420 yuan / ton, Taiwan Taihua 5250 reported 11550 yuan / ton, Ningbo Taihua 535n reported 10150 yuan / ton, Shanghai Secco 123p reported 10100 yuan / ton, Thailand Petrochemical 150 out of stock, 650 reported 10910 yuan / ton; Guangzhou Petrochemical 525 reported 10300 yuan / ton.

EPS price was stable this week. The overall transaction weakened month on month. The average price of EPS ordinary materials is 11450 yuan / ton. Compared with the same period last year, it increased by 6.51%. The cost support is weak, and the purchasing sentiment of terminal merchants is not high, mainly on the sidelines.

ABS market fell this week. At the beginning of the week, the average price of the mainstream offer of China General ABS was about 12550 yuan / ton, and at the end of the week, the average price of the mainstream offer of China General ABS was about 12450 yuan / ton, down 30.06% from the same period of the year. At present, the operating rate of ABS enterprises is forced to fall, which is about 80%. The on-site supply is still abundant, and the decline of industry load has limited support for the supply side. The current season is in the off-season of the industry. The main downstream players such as household appliances take less goods, and the demand in the field is weak. Merchants cut prices and take orders, and the offer is subject to the market.

Recently, the international crude oil market has continued to decline, the spot trading surface of styrene is low, and the market transaction is poor. Generally speaking, if the raw material surface falls next week, the styrene market will follow the decline.