Price Trend

Styrene prices fell slightly this week. According to data from business associations, the prices of sample enterprises on Monday (July 29) were 8 650.00 yuan/ton, and on Friday (August 02), the prices of sample enterprises were 8 583.33 yuan/ton, a decline of 0.77%, which was 27.97% lower than that of the same period last year.

II. Market Analysis

Products:

The market for styrene fell this week. On July 29, East China Styrene closed at 8650 yuan/ton and August 2 at 8500-8650 yuan/ton, down 150 yuan/ton. The above is Zhangjiagang’s canning price. On July 29, South China Styrene closed at 9,000-9,100 yuan per ton and delivered at 8,950-9,000 yuan per ton on August 2, down 50 yuan per ton. Since mid-July, domestic maintenance facilities have been restarted one after another. At present, the supply of styrene in East China is relatively loose, and the arrival of imported styrene has increased. In the future, some of the goods coming to South China are expected to be on the tight side. In the Middle East, the arrival of styrene in South China will be reduced.

Industry chain:

Pure styrene and ethylene prices both rose this week, styrene prices fell weakly and overall profits of styrene were squeezed. Upstream pure benzene prices rose slightly, with a price of 5210.40 yuan/ton at the beginning of the week and 5230.40 yuan/ton at the end of the week, a decline of 0.38%. At the beginning of the week, the price of ethylene was 874.50 yuan/ton, and at the end of the week, it was 891.50 yuan/ton, an increase of 1.94%. Downstream PS slightly declined, EPS prices stabilized, downstream enterprises generally start-up rate, downstream buying is not active, Styrene Market fell.

3. Future Market Forecast

In the second half of the year, domestic styrene plants were restarted more, and the upstream trend of styrene was strong, while the downstream was caused by China-US relations and the domestic housing and automotive industry depression. Demand was weak. On-demand goods were available on the market. Business analysts believed that the styrene market would continue to decline slightly under the interweaving of many empties. The market should pay more attention to the guidance of the external market and the trend of bulk futures.