According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently risen. At the beginning of the week, the average price of styrene in Shandong was 8550.00 yuan/ton, and on the weekend, the average price of styrene in Shandong was 8680.00 yuan/ton, an increase of 1.52%. The price has increased by 1.92% compared to the same period last year.

styrene

Recently, the market price of styrene has risen. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and consolidating in the past three months, with a slight increase in the market this week. The price of raw material pure benzene has slightly increased, and cost support is still acceptable. The styrene unit has been repaired, and the supply has been temporarily reduced. The styrene market transactions are still good, and the market has slightly increased.

In terms of raw materials, the price of pure benzene has slightly increased this week, with Sinopec’s pure benzene price at 7850 yuan/ton (prices in Shandong and Hebei regions have also increased by 450 yuan/ton). The rise in crude oil has driven night trading negotiations between 7790-7830 yuan/ton, with East China pure benzene expected to be stronger.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. At the beginning of this week, the average price of PS was 9600 yuan/ton, and over the weekend, the average price of PS was 9566 yuan/ton, a decrease of 0.35% and a decrease of 1.71% compared to the same period last year. PS cost support, with transactions mainly focused on essential purchases, and it is expected that the domestic PS (polystyrene) price may fluctuate in the short term.

The EPS market remained stable this week, with an average price of 10075.00 yuan/ton for ordinary materials over the weekend. 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.

Recently, the domestic ABS market has seen a slight increase. As of January 22, the average price of ABS products was 10762.50 yuan/ton, with an increase or decrease of+0.69% compared to the average price level at the beginning of the month. The overall strength of the upstream three materials of ABS has provided strong support for the cost side of ABS. It is expected that the ABS market will maintain a strong consolidation in the short term.

Recently, international oil prices have fallen and cost support has been poor. As the Spring Festival approaches, the demand for styrene spot goods has weakened, inventory has risen, and it is expected that the short-term volatility of the styrene market will mainly decrease.