According to the commodity market analysis system of Shengyishe, the spot price of styrene in Shandong Province rose first and then fell in December. At the beginning of the month, the spot price of styrene in Shandong was 8400.00 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 8580.00 yuan/ton, an increase of 2.14%. The lowest point was on December 6th, with a price of 8175.00 yuan/ton. The current price has increased by 6.69% compared to the same period last year.

styrene

In December, the market price of styrene first fell and then rose. From the above chart, it can be seen that the price of styrene has been mainly declining since October. This month, the market has been declining for three weeks and rising for one week, with the decline being greater than the increase. The main reason for the decline is the decline in international oil prices, poor cost support, a stalemate between supply and demand of styrene, slow transactions, and a continuous decline in the market. After the market bottomed out, it rebounded, but the magnitude was small and the upward trend was weak.

In terms of raw materials, the price of pure benzene fell first and then rose in December, with a price of 6992 yuan/ton on December 1st; On December 30th, the price was 7222 yuan/ton. Recently, negotiations for pure benzene in East China have been active, with prices rising and traders actively shipping at high prices. Shandong Refinery has good transactions and inventory levels continue to be low. By the end of the week, after Shandong pure benzene rose to 7150 yuan/ton, transactions began to slow down, and some downstream and traders began to resist high prices.

In terms of downstream, the three major downstream markets of styrene saw mixed fluctuations in December. At the beginning of this month, the average price of PS was 9666 yuan/ton, and at the end of the month, the average price of PS was 9566.67 yuan/ton. The cost of PS is supported, and the market trading is average. It is expected that the short-term domestic PS (polystyrene) price may mainly fluctuate and consolidate

According to the analysis system of the commodity market of Shengyishe, the price of EPS ordinary materials fluctuated and fell in December. The average quote for EPS ordinary materials at the beginning of the month was 10076.00 yuan/ton, and the average price for EPS ordinary materials at the end of the month was 10000.00 yuan/ton. In December, domestic EPS prices were affected by the decline in costs, and it is expected that the domestic EPS market will mainly experience a narrow range decline trend.

The domestic ABS market declined in December. In the early stage, the domestic ABS industry had a high load, but recently, due to supply pressure, some enterprises have seen a decrease in load. But the decline in average operating rate is narrow, and the current industry load is still above 73%. The production of the enterprise is relatively stable, and the inventory position has decreased due to some new contracts. The improvement of the company’s loss situation is limited, and the supply pressure is relatively high.

At present, the restart of the styrene plant is greater than the maintenance, and there is an expectation of an increase in supply. However, due to the decline in international oil prices and poor cost support, the expected short-term volatility in the styrene market is mainly downward.