According to the commodity market analysis system of Shengyishe, the spot price of styrene in Shandong increased in January. At the beginning of the month, the spot price of styrene in Shandong was 8560.00 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 8810.00 yuan/ton, an increase of 2.92%. The current price has increased by 2.44% compared to the same period last year.
styrene
The market price of styrene increased in January. From the above chart, it can be seen that the price of styrene has mainly fluctuated slightly in the past three months, with little fluctuation in the market this month. The main reason for the increase is the continuous rise in international oil prices, strong cost support, maintenance of styrene plants, temporary reduction in supply, early stocking of some downstream goods near the Spring Festival, good spot transactions of styrene, and a slight upward trend in the market.
In terms of raw materials, the price of pure benzene increased in January, with a price of 7222 yuan/ton on December 1st; On December 30th, the price was 7950 yuan/ton. Recently, negotiations for pure benzene in East China have been active, with prices rising and traders actively shipping at high prices. Shandong Refinery has good transactions and inventory levels continue to be low.
In terms of downstream, the three major downstream sectors of styrene saw a slight increase in January. At the beginning of this month, the average price of PS was 9600 yuan/ton, and at the end of the month, the average price of PS was 9633 yuan/ton. There is still support on the cost side, and demand has not met expectations. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 8950-10350 yuan/ton, and the mainstream price of HIPS (polystyrene) is between 9500-10550 yuan/ton.
According to the commodity market analysis system of Shengyishe, the price of EPS ordinary materials fluctuated and increased in January. The average quote for EPS ordinary materials at the beginning of the month was 10000.00 yuan/ton, and the average price for EPS ordinary materials at the end of the month was 10160.00 yuan/ton. In January, domestic EPS prices were affected by rising costs and are expected to follow a narrow upward trend in the domestic EPS market.
The domestic ABS market rose in January. Recently, the overall performance of ABS upstream materials has been relatively strong, providing increased support for the cost side of ABS. The petrochemical plant has seen a narrow decline in production, further reducing supply pressure. On the demand side, consumption is average, and merchants are reporting higher due to supply contraction and upstream rise. The trading in the future market may gradually weaken, but it is expected that the ABS market will be stronger in the short term due to various positive factors.
At present, international oil prices are fluctuating at a high level, and cost support is still acceptable. With the upcoming Spring Festival, the expectation of weak supply and demand of styrene is beginning to be realized, and spot transactions are weak. It is expected that the short-term styrene market will mainly experience downward fluctuations.
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