1、 Price trend
According to the bulk data list of business society, the average price of domestic hips on September 30 was 12366.67 yuan / ton, up 233.34 yuan / ton from 12133.33 yuan at the beginning of the month, up 1.92% in the month
2、 Market analysis
In September, the hiips market rose slightly, up about 2%, and the price of benzene rose slightly by 0.6%. The PS market as a whole moved forward in a steady upward trend. This month, driven by the raw material end, styrene fluctuated sharply in the month, rose and then fell, with an increase of about 4% in the month. The cost side supported the rise of hips price. In the first week of September, the market price of hips fell slightly by 0.55%, and the market transaction was light; In the second week, the raw styrene market rebounded strongly, boosting the hips market, but the demand dragged down, and hips returned to the decline at the weekend; In the third week, driven by the rising price of raw styrene and the release of the dual control policy on energy consumption, manufacturers started or declined, and the supply decreased, which was conducive to the rise of hips price, with an increase of 2.2% during the week. From the fourth week to the end of the month, the hips market basically operated smoothly, the impact of dual control on energy consumption continued, the demand of downstream users was low, the demand decreased, and the hips market was stable and weak. Up to now, the mainstream price of hips is mostly about 12000-14900 yuan / ton, and the price of benzene penetration is mostly 11000-11350 yuan / ton.
It can be seen from the weekly rise and fall from July 5 to September 26, 2021 that hips prices were mainly stable in July and August, but the range was not large. They stopped falling and rising in September, and rose by 2.2% in the week of September 13, which was the largest increase in this cycle.
In the international crude oil market, on September 28, the international oil price fell. The settlement price of the main contract of WTI crude oil futures in the United States was US $75.29/barrel, down US $0.16 or 0.2%, and the settlement price of the main contract of Brent crude oil futures was US $78.35/barrel, down US $0.37 or 0.47%. On Tuesday, the oil price rose first and then fell. The oil distribution disk once rose above the US $80 mark, and then profit taking was affected by the sharp decline of US stocks, Oil prices fell slightly.
In terms of raw materials, on September 29, the reference price of styrene was 9160.00, an increase of 4.24% compared with September 1 (8787.50). The correction of pure benzene is temporarily stable, the cost support of styrene still exists, and the falling price space is limited. The styrene maintenance unit is gradually restored, the domestic supply will increase, and the fundamentals of styrene itself still show signs of weakening. Although next week is approaching the National Day holiday, the market may still have the possibility of preparing goods before the festival, but the rise is weak. It is expected that the price of styrene will remain stable in the short term.
3、 Future forecast
According to the business society, the hips market rose steadily in September. Towards the end of the month, the downstream construction was not high and the demand was reduced. The hips market callback slightly, but the overall operation is still stable. It is expected that the hips price may decline slightly in the short term, and the trend of raw material price needs to be paid attention to.
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