On June 22, the overall market price of styrene was explored in a small margin. Crude oil rose, ethylene price was slightly higher, the price of pure benzene remained stable, styrene cost support was strong, and the price difference between styrene and pure benzene fell to within 900, which led to the aggravation of loss in non integrated factories. In the short term, cost has become the last straw of styrene price support, which will limit the falling space of styrene. From the supply side, Shandong Yuhuang 250000 tons / year plant is planned to stop and repair 25 days before June 27; Anhui Jiaxi 350000 tons / year is planned to restart at the end of June, and the Hebei shengteng 80000 T / A and Changzhou Donghao 200000 t / a plan to restart this week. In addition, the port is delivered intensively this week. It is expected that the inventory will rise significantly next week and the overall supply will increase. However, in the context of negative cash flow, the maintenance of new devices is not excluded, but the overall supply is still low.

Downstream, PS, EPS prices temporarily stable, ABS down. EPS terminal demand is weak, opening rate is down, and styrene procurement is cautious. PS operating rate rose slightly, but the spot purchase price of styrene only appeared at low price. ABS power on the high level fell, nearly 99%, Ningbo Taihua 450000 tons / year on June 21, down the negative maintenance, the expected start rate continues to decline, terminal demand in the off-season weakening, ABS prices continue to decline. In summary, the short-term styrene cost support is strong, downstream demand is weak, and the short-term styrene market is expected to remain in a weak shock stage.

Today, styrene prices in Shandong Province have been raised to 8750-8850 yuan / ton.