According to the Commodity Market Analysis System of Business Society, the mainstream price of styrene in Shandong has been fluctuating and declining recently. At the beginning of the week, the average price of styrene in Shandong was 8600.00 yuan/ton, while on weekends, the average price of styrene in Shandong was 8483.33 yuan/ton, a decrease of 1.36%. The price has decreased by 11.17% compared to the same period last year.

styrene

Recently, the styrene market price has continued to decline. From the above chart, it can be seen that the recent price of styrene has mainly fluctuated slightly, and the price has continued to decline this week. The supply of styrene has continued to rise, inventory has risen, international crude oil prices are fluctuating and unstable, pure benzene market is not volatile, cost support is poor, and spot demand for styrene is poor, leading to a decline in the market.

In terms of raw materials, the price of pure benzene has slightly increased this week. On April 10th, the price of pure benzene was between 7403-7600 yuan/ton (average price of 7501 yuan/ton). On Friday (April 14th), the price of pure benzene was between 7403-7750 yuan/ton (average price of 7576 yuan/ton), an increase of 0.67% compared to last week and a decrease of 9.59% compared to the same period last year. The port continues to go to the warehouse, and downstream demand for raw materials is relatively stable, supporting price increases. The inventory of Shandong Refinery is low, and the quoted price is high, causing the focus of transaction to shift upwards.

In terms of downstream, the three major downstream markets of styrene have seen varying fluctuations. At the beginning of this week, the average price of PS was 9516 yuan/ton, while on weekends, the average price of PS was 9566 yuan/ton, with a slight increase of 0.53% and a decrease of 9.89% compared to the same period last year. Market inquiries have increased, but actual transactions are average. The market urgently needs good news support, with a focus on downstream transactions. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 8850 and 10400 yuan/ton, while the mainstream price of HIPS (polystyrene) is between 9250 and 10700 yuan/ton.

The average price of EPS ordinary materials this week is 9640 yuan/ton, and the market is stable. The supply of goods in the yard is still relatively loose, and the downstream production consumption inventory is dominated. The market price reference of EPS common materials in South China is about 9600-9700 yuan/ton (tax included).

Recently, the domestic ABS market has remained stable, with an average price of 11600.00 yuan/ton on April 17th. Recently, the overall trend of ABS upstream three materials has been weak, which has weakened the support for ABS cost side. The high starting point of petrochemical plants has increased, and the market supply continues to be abundant. Poor demand side support, overall maintaining a weak and rigid demand pattern. Stacked with high inventory of midstream channel merchants, merchants’ mentality has weakened, and pricing operations are cautious. It is expected that in the short term, the ABS market may continue to be weak due to the impact of supply and demand contradictions.

The recent crude oil market has room for volatility and upward momentum, with good support for styrene. The supply of styrene has slowed down, and it is expected that the short-term volatility and upward trend in the styrene market will be the main trend.