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 8691.67 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8733.33 yuan/ton, an increase of 0.48%. The price has increased by 5.54% compared to the same period last year.

styrene

Recently, the market price of styrene has increased. From the above chart, it can be seen that the price of styrene fluctuated slightly last month, while this week’s market was volatile and exploratory. The international oil price is high, and the pure benzene market has slightly increased, with good cost support. Styrene inventory is relatively ideal, and manufacturers are selling normally. The styrene market has slightly increased.

In terms of raw materials, the price of pure benzene has slightly increased this week. On October 30th, the price of pure benzene was 7900 yuan/ton. On Friday (November 3rd), the price of pure benzene was 7920 yuan/ton, an increase of 0.25% compared to last week and 11.67% compared to the same period last year. After the end of the month delivery, the market quickly fell and the overall spot resource trading was light. The Shandong market trading Lihuayi styrene unit is scheduled to undergo maintenance, but the demand for gas in the intraday market is relatively high, and the focus of the transaction continues to shift downwards.

In terms of downstream market, the three major downstream markets of styrene have fluctuated. PS prices rose earlier this week. The raw material styrene is subject to strong vibration, resulting in increased cost pressure. Some devices in East and South China have recovered, with slight growth in industry production, and some supply sources have tightened due to production cuts. The mainstream market price reference for GPPS in South China is 9120 yuan/ton. (excluding taxes)

This week’s EPS market has risen. According to the Commodity Market Analysis System of Business Society, the average price of ordinary materials at the beginning of this week was 10100.00 yuan/ton, and the average price of ordinary materials this week was 10150.00 yuan/ton, an increase of 0.49%. The terminal profit is good, and the market transactions are positive. It is expected that the domestic EPS market will mainly show a strong trend.

Recently, the domestic ABS market has remained stable, with the overall performance of the upstream three materials rising and falling, and overall support for the cost side of ABS is weak. The high starting point of the petrochemical plant has dropped, and some supply pressures have eased. Demand side consumption is poor, and merchants are often bearish about the future market. It is expected that the ABS market may maintain a weak and stable consolidation trend in the short term.

At present, according to the news, international oil prices have fallen, cost support is weak, styrene plants have restarted, production is expected to increase slightly, and spot purchasing intentions are weak. It is expected that the short-term styrene market will be weak and mainly consolidated.