1、 Price trend
| Azodicarbonamide (AC foaming Agent) |
According to the bulk data monitoring of business society, the mainstream price of styrene in China fell slightly this week. On Monday (January 17), the price of sample enterprises of business society was 8740.00 yuan / ton, and on Friday (January 21), the price of sample enterprises was 8660.00 yuan / ton, a decrease of 0.92%. The price increased by 24.90% over the same period last year.
2、 Market analysis
The market price of styrene rose first and then fell this week, with a small overall decline. On January 17, East China styrene closed near 8650-8750 yuan / ton, and on January 21, 8550-8650 yuan / ton, down near 100 yuan / ton. The above is the tank price in Zhangjiagang. On January 17, South China styrene closed at 8600-8650 yuan / ton. On January 21, 8600-8650 yuan / ton remained stable, and the delivery price of the above factories was stable.
In terms of raw materials, crude oil rose strongly this week. Pure benzene followed the strong rise of crude oil. As of Friday (January 21), the mainstream quotation was 7680.00 yuan / ton, up 110 yuan / ton or 1.45% from 7570.00 yuan / ton on Monday (January 17). The price rise this week was mainly driven by crude oil. The market took the opportunity to speculate on the price of pure benzene. By the end of the week, after reaching a high level, some sources of goods were sold at a profit. The market selling increased and the price fell rapidly, but the overall price still rose. Give strong support to styrene.
In terms of operating rate, the weekly average operating rate of domestic styrene industry this week was 82.51%, the same as last week. In terms of port inventory, East China port inventory entered the rhythm of accumulation this week, and styrene processing profit suffered a small loss.
Downstream, styrene rose slightly this week. In the PS market, as of Friday (January 21), the mainstream ex factory quotation of PS in East China was 10100.00 yuan / ton, up 0.33% from 10066.67 yuan / ton on Monday. The rise of crude oil led to the strength of pure benzene and styrene, and the price of PS followed the rise. Small and medium-sized downstream factories have holidays one after another. At present, most of them are in demand for goods before the Spring Festival, resulting in tight supply of some goods.
| povidone Iodine |
In the EPS market, as of Friday (January 21), the mainstream ex factory quotation of EPS in East China was 10250.00 yuan / ton, up 1.23% from 10125.00 yuan / ton on Monday. The rise of crude oil led to the strengthening of pure benzene and styrene, and the EPS price followed the rise. However, the terminals have stopped one after another, the demand has weakened significantly, and the high price conflict is obvious. For the time being, there is no intention to replenish the goods in batches before the festival, and the overall delivery is cold.
In the ABS market, as of Friday (January 21), the mainstream ex factory quotation of ABS Zhejiang was 14600.00 yuan / ton, up 0.34% from 14550.00 yuan / ton on Monday. Near the Spring Festival, the terminal has just needed to prepare goods. In addition, the current price has been at a low level in the near future. The market has the psychology of bottom reading and entering the market. The market turnover is large and the price is up.
3、 Later outlook
Crude oil is strong, but the subsequent deposit correction may be possible. Pure benzene has been corrected at present, and the bottom of styrene cost side support deposit has been reduced. In addition, as the Spring Festival approaches, the mood of goods preparation in downstream factories has weakened, and the probability of styrene is weak. Generally speaking, the styrene market is expected to be weak next week, and the price is expected to be around 8400-8600 yuan / ton.
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