According to the Commodity Market Analysis System of the Business Society, the mainstream prices of styrene in Shandong have been fluctuating and rising recently. At the beginning of the week, the average price of styrene in Shandong was 7890.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 7958.33 yuan/ton, an increase of 0.78%. The price has decreased by 21.09% compared to the same period last year.

styrene

Recently, the styrene market price has fluctuated and increased. From the above chart, it can be seen that the price of styrene has mainly increased in the past month, and the market has continued to rise this week. The international oil price continues to rise, the pure benzene market keeps up, and the cost support is good. At present, the downstream construction has increased slightly, the spot transactions have increased, and the styrene market is more favorable, and the market continues to rise.

In terms of raw materials, the East China market is approaching delivery, and the pure benzene market is rising. Spot and recent month demand is strong, and the increase is expanding. Shandong traders’ demand for inventory and replenishment has actively pursued an upward trend, driving the focus of transactions upward. However, downstream resistance to high priced raw materials has slowed down the pace of procurement, resulting in average overall transactions. Pure benzene was sold at 7000 yuan/ton.

On the downstream side, the market price of PS (polystyrene) is slightly soft, and there is a lack of buying follow-up in the downstream, with some merchants offering slight discounts. Reference for mainstream brand prices excluding taxes: Ningbo Taihua 535N reported 8490 yuan/ton, while Shanghai SECCO 622P reported 9000 yuan/ton for goods shortage; Guangzhou Petrochemical 525 reported 8640 yuan/ton; Hong Kong Petrochemical reported 9500 yuan/ton for 1841H and 9150 yuan/ton for SR600.

According to monitoring data from Business Society, the average quotation for EPS ordinary materials at the beginning of the week was 9350 yuan/ton, and the average price for EPS ordinary materials at the weekend was 9400 yuan/ton, with a price increase of 0.53% and a decrease of 17.90% compared to the same period last year. The terminal profit is meager, there is a clear resistance to high market prices, and the follow-up of buying is limited. The overall transaction is weak, and it is expected that the domestic EPS market may mainly have a narrow range of fluctuations.

Recently, the domestic ABS market has rebounded after rising, and spot prices have fluctuated in both directions. According to the Commodity Market Analysis System of the Business Society, as of July 21, the average price of ABS sample products was 10675 yuan/ton, a+1.43% increase or decrease from the average price level at the beginning of the month. The overall performance of ABS upstream materials this week was average. Among them, the market for raw material acrylonitrile has declined, while the price of cost end propylene has decreased. Due to independent load reduction and unplanned shutdowns in the early stage, acrylonitrile enterprises have some positive supply side effects, but demand is weak, and the wait-and-see sentiment among operators has intensified. The flow of goods on the market is not smooth, and prices have stagnated after falling.

International oil prices continue to rise, with strong cost support and an increase in downstream demand. There are many favorable conditions for the short-term styrene market, and it is expected that the short-term styrene market will mainly fluctuate and rise.