According to the monitoring of bulk data by the business community, the mainstream price of styrene in Shandong fell this week. At the beginning of the week, the average price of styrene in Shandong was 9425.00 yuan/ton, while at the weekend, the average price of styrene in Shandong was 8816.67 yuan/ton, down by 6.45%. The price fell 11.12% year on year.
styrene
Styrene market prices fell this week. It can be seen from the above figure that the recent price of styrene has mainly fallen in shock, and this week the price continues to fall. The main reason is that the port inventory keeps rising, domestic styrene supply increases at the same time, styrene inventory pressure is large, it is difficult to support the styrene market, downstream demand recovery is poor, market transactions are light, and the spot price of styrene falls again and again.
In terms of raw materials, international crude oil futures fell for three days in a row, showing a downward trend. The fundamentals of the pure benzene market are poor, and the price continues to fall. Sinopec cut the price of pure benzene by 200 yuan/ton to 8000 yuan/ton before the festival. Recently, the price of domestic pure benzene is 8000-8200 yuan/ton.
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In terms of downstream, the three major downstream styrene markets rose and fell at different levels this week. At the beginning of this week, the average price of PS ordinary materials was 10300 yuan/ton, and at the weekend, the average price of PS ordinary materials was 10200 yuan/ton, down 0.97%, down 13.80% year on year. PS downstream demand remains weak, and it is difficult to achieve significant volume in the market. In addition to the impact of low price offer, businesses may still sell at a small margin.
EPS prices fell this week. Overall transaction weakened month on month. At the beginning of the week, the average price of EPS ordinary materials was 11300 yuan/ton, and at the weekend, the average price of EPS ordinary materials was 11100 yuan/ton. The buying enthusiasm was not high, the EPS market price was weak, the manufacturer maintained a stable price for shipment, and the terminal demand was sluggish.
The domestic ABS market fell in shock this week. As of October 14, the average price of the mainstream offer of general-purpose ABS was about 12850 yuan/ton, up or down by – 1.15% compared with the price level at the beginning of the week. After the festival, the big factory raised its offer, but the buyer camp gradually showed resistance to the high price, and the price fell back soon after it rose.
Recently, the international crude oil market has stopped falling and rebounded, the downstream demand is expected to recover, and the supply and demand pressure of styrene has eased. On the whole, if the raw materials rise next week, the styrene market will follow the correction.
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