According to the bulk data monitoring of the business news agency, the mainstream price of styrene in Shandong Province fluctuated and consolidated this week. At the beginning of the week, the average price of Shandong styrene was 10492.86 yuan / ton, and at the weekend, the average price of Shandong styrene was 10550.00 yuan / ton, an increase of 0.54%. The price increased by 11.94% over the same period last year.

styrene

Styrene market price fluctuated and consolidated this week. It can be seen from the above figure that the recent price of styrene has mainly fallen, and the price fluctuated slightly this week. The main reason is that affected by the rise and fall of crude oil prices, the cost is the dominant force. The market price of pure benzene in China fell to 9235 yuan / ton, which is difficult to support the styrene market. The arrival of styrene in Hong Kong and the inventory of enterprises are low, which restrained the decline of styrene. The transaction in the styrene market is general, and the spot price fluctuates slightly.

In terms of raw materials, oil prices first fell and then rose. U.S. crude oil inventories increased, but refined oil inventories fell. The increase in demand for refined oil led to a rebound in international oil prices. Pure benzene fell slightly. On July 8, Sinopec North China: Qilu Petrochemical offered 9150 yuan / ton, Shijiazhuang refining and chemical offered 9150 yuan / ton, and Tianjin Petrochemical offered 9300 yuan / ton. The decline of pure benzene cannot support the price of styrene.

On the downstream side, the three major downstream styrene rose and fell mixed this week. The PS market fell weakly, the cost side support weakened, and merchants’ shipments were under pressure, mainly with small price cuts. The mainstream price of GPPS (polyphenylene sulfide) in East China market was 10800-11900 yuan / ton, and the mainstream price of hips (polystyrene) was 11300-13000 yuan / ton.

At the beginning of this week, the average price of EPS ordinary materials was 11325 yuan / ton, and at the weekend, the average price of EPS ordinary materials was 11525 yuan / ton, with an increase of 0.88% and 5.98% compared with the same period of the year. The downstream batch purchase intention improved slightly, and the merchants delivered goods stably.

ABS market fell this week. In terms of industry load, the current operating rate of ABS enterprises has limited changes, which is generally at a high level and has limited support for the supply side. The current season is in the off-season of the industry, and the pattern of weak market demand is gradually unfolding. Merchants give up profits and lower the focus of ABS offer.

Recently, the international crude oil market callback, styrene social inventory is low, and there are few negotiable sources of goods. On the whole, if the raw material level rises next week, the styrene market will follow the rise.