1、 Price trend
According to the monitoring of bulk data of business agency, the mainstream price of styrene in China fell this week. According to the data of business agency, the price of sample enterprises on Monday (April 13) was 5400.00 yuan / ton, and the price of sample enterprises on Friday (April 17) was 5150.00 yuan / ton, down 4.63%, 37.07% compared with the same period last year.
2、 Market analysis
Products:
Styrene market prices fell this week. On April 13, East China styrene closed at 5400 yuan / ton, and on April 17, it closed at 5150 yuan / ton, down 250 yuan / ton. The above price is Zhangjiagang’s export price. On April 13, South China styrene closed at 5300 yuan / ton, and on April 17, it closed near 5100 yuan / ton, down 200 yuan / ton. The delivery price of the above factories. Styrene in this port is lower than that in the earlier stage, and the port inventory is further digested. However, the operation rate of domestic styrene plants has not changed much and the supply is relatively stable. However, due to the low price of styrene in the early stage, downstream and traders have certain inventory, the demand for styrene will be weakened in the short term.
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Industrial chain:
Upstream, crude oil prices fell sharply this week, down 11.63%. The price of pure benzene continued to rise slightly, up 3.4%. Ethylene rose first and then fell slightly, down 1.21%. However, the downstream side failed to continue the strong upward trend of last week, with PS slightly down 0.86%, EPS stable and ABS slightly up 1.37%. The operating rate of downstream enterprises increased slightly compared with last week, but the downstream factories have relatively stable stock of styrene, and the space for the subsequent operating rate of the factory is limited, which has limited positive impact on styrene.
Industry:
As a whole, the styrene market price fell this week, and the rising sentiment in the market dissipated. Most domestic enterprises reduced prices and promoted sales, and kept stable shipment. Downstream enterprises focused on just need to take goods, and the wait-and-see increased. Some of the market’s shippers made profits, and the market was full of bad news. At present, the market temporarily fell slightly.
3、 Future outlook
This week, the international oil price and energy continued to fall. In the short term, the price of styrene mainly fell, following the trend of international oil price. The market should pay more attention to the guidance of the trend of external market and bulk futures to the market.
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