According to the commodity market analysis system of Business Society, the mainstream price of styrene in Shandong has fluctuated slightly recently. At the beginning of the week, the average price of styrene in Shandong was 9375.00 yuan/ton, and over the weekend, the average price of styrene in Shandong was 9621.67 yuan/ton, an increase of 2.63%. The price has increased by 24.98% compared to the same period last year.

styrene

Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has mainly fluctuated and increased in the past three months, with the increase greater than the decrease. The market has shown a good upward trend this week. The international oil price is at a high level, and the pure benzene market has slightly increased, with good cost support. However, styrene port inventories have continuously decreased, and production enterprises have followed up with price increases. Market replenishment transactions are active, and the styrene market is dominated.

In terms of raw materials, the price of pure benzene has increased this week. On May 20th, the price of pure benzene was 8773 yuan/ton. On Friday (May 24th), the price of pure benzene was 8835 yuan/ton, an increase of 1.06% from last week and 30.4% from the same period last year. The focus of pure benzene in East China continues to shift downwards, and low-end buying is more active. The confidence in the Shandong market is poor, and shipments have been hindered after refineries lowered prices, resulting in a significant reduction in transaction volume.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. At the beginning of this week, the average price of PS was 10100 yuan/ton, and over the weekend, the average price of PS was 10083 yuan/ton, a decrease of 0.17% and an increase of 6.89% compared to the same period last year. The PS market transactions are weak, and merchants are offering discounts to sell. It is expected that the short-term PS price will mainly fluctuate weakly.

This week, the EPS market has been volatile and consolidating, with average support on the cost side, coupled with downstream high price resistance. Production has mainly digested the inventory of finished products in the early stage, and the market is in a wait-and-see atmosphere, with weak new order transactions. On the demand side, the recovery of downstream demand in the north is relatively slow, and the demand for home appliance packaging is improving. It is expected that the overall recovery of demand will be relatively slow next week.

Recently, domestic ABS prices have been weak. From a fundamental perspective, The center of gravity of the upstream three materials of ABS is falling, which weakens the support for the cost end of ABS. The construction of ABS polymerization plant has significantly increased, and supply pressure is gradually increasing. On the demand side, the demand for goods is weak, and the support for spot goods is not good. In summary, it is expected that the ABS market may experience a weak downward trend in the short term.

The economic and demand outlook remains a concern for the market, as international oil prices fall and the pure benzene market is likely to follow suit. The Lihua Yi styrene plant is restarting, and there is an expectation of an increase in styrene inventory. Market transaction support is temporarily weak, and it is expected that the styrene market will fluctuate and decline in the short term.