According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently risen. At the beginning of the week, the average price of styrene in Shandong was 8964.00 yuan/ton, and on the weekend, the average price of styrene in Shandong was 9020.00 yuan/ton, an increase of 0.62%. The price has increased by 5.19% compared to the same period last year.
styrene
Recently, the market price of styrene has risen. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and consolidating in the past three months, and this week’s market has rebounded slightly after experiencing last week’s decline. The crude oil market is on the rise, with good cost support. Styrene mainly follows changes in raw materials, and the demand for essential goods tends to stabilize with a small increase, resulting in a slight increase in the market.
In terms of raw materials, the price of pure benzene has slightly decreased this week, and the market atmosphere is stagnant. Both buyers and sellers have a clear wait-and-see attitude. Shandong has been experiencing consecutive days of poor shipments, putting pressure on some refineries’ inventory and causing prices to continue to decline. After the price drop, the follow-up of buying gas is average, with a focus on just needs.
On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The average quotation for PS this week is 9766.67 yuan/ton. PS cost support, with transactions mainly focused on essential purchases, and it is expected that the domestic PS (polystyrene) price may fluctuate in the short term.
The EPS market remained stable this week, with an average price of 10325.00 yuan/ton for ordinary materials over the weekend. EPS is affected by the upstream pull up, and the market atmosphere has slightly improved. It is expected that the domestic EPS market may experience a narrow range of fluctuations.
The domestic ABS market has been relatively stable recently. As of March 5th, the average price of ABS products is 11787.50 yuan/ton. The overall performance of the upstream three materials of ABS is relatively strong, which enhances the support for the cost side of ABS. Petrochemical plant operations continue to decrease, and supply pressure has significantly eased. On the demand side, due to the delayed resumption of work by downstream enterprises, ABS consumption during the cycle is average. After the merchant’s offer has increased, there is a practice of offering discounts and shipping orders. The expectation of increased demand in the short term in the future is not good, and it is expected that the ABS market may be hindered in its growth.
Recently, international oil prices have fluctuated at high levels, with good cost support. However, the demand for styrene spot is still weak, and it is expected that the short-term volatility in the styrene market will mainly decrease.
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