According to the monitoring of the bulk data of the business community, the recent mainstream price of styrene in Shandong has been adjusted. On the 7th, the average price of styrene in Shandong was 8191.67 yuan/ton, and on the 14th, the average price of styrene in Shandong was 8225.00 yuan/ton, up 0.82%. The price fell 8.86% year on year.
styrene
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Styrene market price retreated this week. It can be seen from the above figure that recently, the price of styrene has mainly fallen in shock, and this week, the price has slightly warmed up. The main reason is that the price of styrene has reached a low level, the domestic supply has decreased slightly, and the downstream demand is strong, which has played a certain role in supporting the price of styrene, and the spot price of styrene has bottomed out.
In terms of raw materials, this week’s pure benzene fluctuated. On November 4, the price of pure benzene was 6900-7050 yuan/ton (the average price was 6967 yuan/ton). On Friday (November 11), the price of pure benzene was 6900-7050 yuan/ton (the average price was 6976 yuan/ton). The average price was 0.13% higher than last week and 8.34% lower than the same period last year. Crude oil fell, and the downstream market was poor. The fundamentals of pure benzene were weak, and the center of gravity was weak. In the second half of the week, pure benzene rose slightly due to the rise of crude oil and styrene and the improvement of downstream purchasing.
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 10100 yuan/ton, and at the weekend, the average price of PS ordinary materials was 10066 yuan/ton, down 0.33%. The raw material surface continues to vibrate in the box, the on-site trading atmosphere is not good, the downstream procurement is lack of interest, the merchant shipping resistance still exists, and the firm offer is flexible and profitable.
EPS prices fell this week. Overall transaction weakened month on month. On the 7th, the average price of EPS ordinary materials was 11025 yuan/ton, and on the 14th, the average price of EPS ordinary materials was 10950 yuan/ton. The buying enthusiasm was not high, the EPS market price was weak, and the terminal demand was sluggish. The manufacturer lowered the price in order to maintain the shipment.
The domestic ABS market fluctuated slightly in early November. According to the data monitoring of the business community, the average ex factory price of domestic ABS was 12000 yuan/ton on November 7 and 12050 yuan/ton on November 14, with a weekly increase or decrease of+0.42% and – 26.75% compared with the same period last year. Recently, the load of ABS industry is high, and the plant commencement is generally maintained at a high level of 80% to 90%, and the supply of goods on the site continues to be abundant. The market competition is strengthened, the pressure on suppliers is highlighted, and petrochemical plants have reduced the factory price to take delivery.
In the near future, the pure benzene inventory is still at a high level, and the market is hardly expected to rise sharply. The demand side performs well. The domestic styrene will maintain normal production, and the styrene market is expected to rise slightly.
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