According to the monitoring of bulk data of the Business News Agency, the mainstream price of styrene in Shandong Province has been fluctuating and falling recently. The average price of styrene in Shandong at the beginning of the week was 8566.67 yuan/ton, and the average price of styrene in Shandong at the end of the week was 8425.00 yuan/ton, a decrease of 1.65%. The price fell 15.75% from the same period last year.

styrene

The market price of styrene has continued to decline recently. It can be seen from the above figure that the recent price of styrene has mainly fluctuated slightly, and the price has declined this week. The international crude oil price is volatile, the pure benzene market fluctuates little, and the cost support is poor. The styrene maintenance devices are restarted in succession. The superimposed port inventory is high, and the supply of goods is sufficient. The styrene manufacturers are actively shipping, and the market is lower.

In terms of raw materials, the price of pure benzene rose slightly this week. On March 6, the price of pure benzene was 7200-7420 yuan/ton (average price: 7310 yuan/ton). On Thursday (March 9), the price of pure benzene was 7200-7400 yuan/ton (average price: 7300 yuan/ton), up 1.03% from last week, down 13.28% from the same period last year. The fundamentals of pure benzene continue to be weak, and the downstream is more wait-and-see, and the purchase intention is general; Crude oil continued to fall in the week, and the cost of pure benzene market formed a negative pressure; Downstream styrene slightly strengthened, boosting the pure benzene market.

Downstream, the three major downstream of styrene rose and fell in different ways. The average price of PS common material at the beginning of the week is 9433.33 yuan/ton, and the average price of PS common material at the end of the week is 9333 yuan. 33 yuan/ton, down 1.04%. The wait-and-see atmosphere in the market is strong, and the buying is just in demand.

At the beginning of the week, the average price of EPS ordinary material was 9587 yuan/ton, and at the end of the week, the average price of EPS ordinary material was 9625 yuan/ton, up 0.39%, down 13.29% year-on-year. The supply of goods on the site is still relatively loose, and the downstream production consumption inventory is mainly. The market price of EPS common materials in South China is about 9500-9600 yuan/ton (tax included).

The domestic ABS market has been stable recently. According to the data monitoring of the Business News Agency, the average price was 11833.33 yuan/ton on March 13. In the near future, downstream factories, including the main terminal household appliance industry, are generally motivated to stock goods, and some manufacturers still have pre-holiday raw material inventory to digest. The overall demand improvement is limited, the overall trend is weak, and the flow of goods in the field is poor.

The recent international oil price rebound has supported styrene well, but the downstream production and sales profits have increased and decreased, the styrene inventory digestion is poor, and the high inventory is still continuing. It is expected that the short-term volatility of the styrene market will fall mainly.