1、 Price trend

According to monitoring data from Business Society, the average quotation for EPS ordinary materials at the beginning of the month was 10075 yuan/ton, and the average price for EPS ordinary materials on weekends was 10000 yuan/ton, a decrease of 0.74% and a decrease of 4.76% compared to the same period last year.

2、 Market analysis

In early December, crude oil weakened, styrene declined, and cost support weakened. The EPS wait-and-see atmosphere remains unchanged, with merchants maintaining their essential needs while the negotiation atmosphere is average. The EPS market may have slightly weakened consolidation, with the reference price for EPS ordinary materials in the South China region being around 9500-9600 yuan/ton (including tax).

In late December, with the rising prices of crude oil and styrene, supported by favorable cost factors, manufacturers raised their prices, and merchants increased their prices for shipments. The market atmosphere slightly improved, but the buying mentality remained cautious, and the continued pursuit of higher prices for styrene was limited. The market once again stabilized and consolidated.

3、 Future Market Forecast

EPS is affected by the upstream pull up, and the market atmosphere has slightly improved. It is expected that the domestic EPS market may experience a narrow range of fluctuations.