According to the Commodity Market Analysis System of Business Society, the mainstream price of styrene in Shandong has been fluctuating and declining recently. At the beginning of the week, the average price of styrene in Shandong was 7981.67/ton, while on the weekend, the average price of styrene in Shandong was 7760.00 yuan/ton, a decrease of 2.78%. The price has decreased by 24.38% compared to the same period last year.

styrene

Recently, the styrene market price has continued to decline. From the above chart, it can be seen that the price of styrene has been mainly declining in the past two months, and prices have continued to decline this week. The international crude oil price has fallen, the pure benzene market has weakened, and cost support is poor. Downstream markets are mostly in the off-season, mainly in demand. Domestic styrene supply is relatively abundant, and spot transactions are poor. The styrene market has fluctuated and declined.

In terms of raw materials, the price of pure benzene has slightly decreased this week. On May 15th, the price of pure benzene was 6703-7120 yuan/ton (average price 6911 yuan/ton). On Friday (May 19th), the price of pure benzene was 6603-6880 yuan/ton (average price 6741/ton), a decrease of 5.18% compared to last week and a decrease of 25.73% compared to the same period last year. Downstream buying rose and entered the market, with high volume trading. Some refineries in Shandong have maintained a shipping mentality, with a slight decline in prices. Some refineries have low inventory levels, and their prices remain stable. During the day, downstream and traders actively purchased, with high volume transactions and prices ranging from 6580 to 6650 yuan/ton.

In terms of downstream, the three major downstream markets of styrene have seen varying fluctuations. At the beginning of this week, the average price of PS was 9566.67 yuan/ton, which was stable and a decrease of 10.43% compared to the same period last year. The trading atmosphere of PS is sluggish, and it is expected that in the short term, the domestic PS (polystyrene) price may mainly fluctuate and weaken.

The EPS market is stable this week, and according to the analysis system of the commodity market of the Business Society, the average price of ordinary materials is 9537.50 yuan/ton. The EPS market lacks positive support, and it is expected that the domestic EPS market may be dominated by a narrow and weak trend.

Recently, the domestic ABS market has declined, and the high load situation in the ABS industry has continued. Enterprises are resuming work and maintenance, and the overall load is showing an increasing pattern. In the middle of the month, China’s ABS operating rate is close to 90%, and the overall narrow adjustment has been around 88% recently. The on-site spot supply continues to be abundant, competition intensifies, and supply side pressure is high. The inventory of domestic enterprises has increased, while the mid stream inventory has remained stagnant at a high level. Merchants are under pressure, and their prices have declined.

The price of crude oil fell on the night market, with poor cost support, but downstream demand has improved. In June, there was an increase in styrene plant maintenance, and it is expected that the short-term styrene market will fluctuate and rise mainly.