[chemical]  Finance recently, styrene market prices remain weak. The upstream crude oil prices rose over the weekend, back to $30+ / barrel, but is still low, this is not some support for the formation of the styrene market. The domestic market price of styrene in January 25th remain weak. Downstream operating rate, maintain the consumption contract, the end part of large enterprises will also smell the discontinued holiday.

Cold weather hit lead to a surge in demand for heating oil, in addition to lower oil prices after the short covering and the number of active U.S. oil drilling once again reduced also provides strong support for oil prices. The United States in March WTI crude oil futures on Friday (January 22) closed up $2.66, or 9.01%, at $32.19 / barrel, up nearly 9% this week. London, March Brent crude futures Friday closed up $2.93, or 10.02%, reported 32.18 U.S. dollars / barrel, rose more than this week.

Overall, the east part of the futures delivery at the end of the month, and the lower part of the downstream tickoo and stocking in advance support, talks of gravity decline after stabilizing; Southern China area of price of mainstream manufacturers declined slightly, the market environment of the empty drive, finishing down. At present the market downstream production gradually increased, weakening demand is expected, styrene prices will remain low finishing.

The dynamic part of the enterprise or area of Styrene Market in January 26th:

East China Styrene Market in early trading wait-and-see, now part of the intention of selling 7200-7250 yuan / ton, buying out on the sidelines, firm.

Southern China Styrene Market in early trading market opened flat, Guangzhou heard a part of the intention of self reported 7250 yuan / ton, trading Piandan, firm talk.

North China styrene market atmosphere of wait-and-see, the smell of the existing selling intention in 7050 yuan / ton and above to the firm, talk, keep buying demand

Sinopec North China styrene prices temporarily stabilized, Qilu, Qingdao, the implementation of 7100 yuan / ton, Yanshan 6900 yuan / ton; recent output executive contracts.

Lanzhou HSBC styrene prices temporarily stabilized, at 7000 yuan / ton, the normal output, mostly around and southwest pin.

Sinopec East China sales company styrene prices temporarily stabilized, noted recently its foreign marketing Zhenhai factory price temporarily stable price implementation of 7100 yuan / ton.

Sinopec Southern China company styrene prices temporarily stabilized, Guangzhou petrochemical price 7300 yuan / ton; Maoming petrochemical price 7200 yuan / ton, basically at full capacity.

Tianjin Dagu styrene prices temporarily stabilized, at 7100 yuan / ton, the device normal operation, the annual output of 500 thousand tons of equipment operating rate of about 8 into.

In the Northeast oil export prices temporarily stabilized, the styrene’s Jinzhou, Fushun, Daqing and other temporary implementation of 6700 yuan / ton, the device starts in about 8 into.