According to the bulk data monitoring of business agency, the mainstream price of styrene in Shandong rose this week. At the beginning of the week, the price of the sample enterprises of business associations was 8775.00 yuan / ton, and at the weekend, the price of the sample enterprises was 8983.33 yuan / ton, an increase of 2.37%. The price increased by 1.08% over the same period last year.

styrene

The market price of styrene rose this week. It can be seen from the above figure that the price of styrene has mainly increased in the past two weeks, and the price continues to rise this week. The main reasons for the increase are that the downstream operating rate has increased significantly, the demand has improved compared with the previous period, the port inventory has decreased, the styrene has been smoothly removed from the warehouse, and the spot market has risen. However, the sharp drop in crude oil prices and poor cost support restrained the increase in styrene.

In terms of raw materials, the price of pure benzene fell slightly this week. On August 26, the price of pure benzene was 7500-7650 yuan / ton (average price 7617 yuan / ton). On Friday (September 2), the price of pure benzene was 7500-7800 yuan / ton (average price 7608 yuan / ton). The average price fell by 0.11% compared with last week and 0.93% compared with the same period last year. Domestic pure benzene supply increased; This week, the inventory of pure benzene in East China port increased by 9400 tons to 59600 tons compared with last week, and the port inventory continued to accumulate.

On the downstream side, the three major downstream markets of styrene were mixed this week. At present, the PS (polystyrene) market offer is slightly down, styrene is strong, downstream purchasing interest is low, merchants’ shipments are under pressure, and they continue to yield profits. Reference of mainstream brand excluding tax quotation: Zhenjiang Qimei pg33 quoted 9680 yuan / ton, Taiwan Taihua 5250 quoted 11290 yuan / ton, Ningbo Taihua 535n quoted 9850 yuan / ton, Shanghai Secco 123p quoted 9670 yuan / ton, Thailand Petrochemical 150 quoted 10800 yuan / ton, 650 quoted 10070 yuan / ton; Guangzhou Petrochemical 525 reported 9200 yuan / ton.

The average price of EPS common materials this week is 11450 yuan / ton. Cost support is better, and the focus of market negotiation is higher. In the South China market, boosted by the upward trend of futures and mainstream East China, cargo holders rose, with low enthusiasm for buying, weak EPS market quotation, manufacturers maintaining stable price for shipment, and downstream mainly on demand.

ABS market fluctuated little this week. The support of ABS cost is not strong. In terms of load, the expected increase in the start-up of some ABS production lines in the week was realized, and the supply of the whole month was abundant, and the pressure on the market at the supply side was not reduced. The demand is masked. At present, the downstream of the industry is in the off-season market. The demand of the main terminal household appliances and other industries lags behind, and the impact of high temperature and power limitation is superimposed. The on-site consumption strength continues to be weak. Merchants cut prices and take orders, and the offer follows the market. Terminal enterprises bought on bargain hunting, and their resistance to high price sources was obvious.

The international crude oil market has plummeted, the downstream market is generally receptive to high price styrene, and styrene costs and pressures coexist. Generally speaking, if the raw material level falls next week, the styrene market will follow the decline.