According to the bulk data monitoring of business society, the mainstream price of styrene in Shandong rose sharply this week. At the beginning of the week, the price of the sample enterprises of the business community was 9275.00 yuan / ton, and at the end of the week, the price of the sample enterprises was 9400.00 yuan / ton, an increase of 1.35%. The price increased by 3.49% over the same period last year.

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The market price of styrene fluctuated and rose this week. It can be seen from the above figure that the price of styrene fluctuated recently, and the price increased slightly this week. Recently, the raw material pure benzene fluctuated and rose. Zhejiang Petrochemical and Hebei shengteng styrene units unexpectedly stopped for short-term maintenance, which superimposed the decline of port inventory. Out of concern about the market supply, the spot market of styrene rose.

In terms of raw materials, the international oil price fell, the pure benzene market negotiation was light, the logistics in Shandong was blocked due to the impact of public health events, the shipment of individual enterprises was poor, and the price difference between regions was widened. The overall atmosphere of pure benzene Market in Shandong is poor, with high-end prices falling and the price difference narrowing. This week, the price of Sinopec pure benzene stabilized at 8600 yuan / ton.

Downstream, the three downstream styrene rose or fell this week. The market price of PS was relatively stable this week, and the average price was 10616.67 yuan / ton by the end of the week.

At present, the EPS price fluctuates, the crude oil fluctuates at a high level, and the impact of public health events is still obvious. However, the local logistics and transportation restrictions have been improved. In addition, the cost support has been strengthened, and some terminal merchants have entered the market to replenish goods appropriately, and the overall transaction has improved. As of April 7, Jiangsu sample enterprises had 11100 yuan / ton of ordinary materials, up 100 yuan / ton, or 0.91%, and 12000 yuan / ton of barrier fuel, up 100 yuan / ton, or 0.84%.

At the beginning of April, the domestic ABS market fluctuated and rose, and the spot prices of various brands increased by a narrow margin. The operating rate of ABS enterprises decreased slightly, and the overall supply decreased. The mentality of manufacturers has been strengthened and the ex factory price has been adjusted. In addition, the demand of the main downstream household appliance industry gradually increased in April, and the demand for ABS in the field improved. China’s demand for health and logistics has rebounded recently, but some areas have been affected by recent health events. There has been no substantial progress in the situation between Russia and Ukraine in Eastern Europe. There are great differences in the remote upstream crude oil market, but the price is still high.

Recently, the international crude oil has rebounded, the downstream demand may recover, the current inventory level and market supply are OK, and styrene is likely to follow the trend of crude oil. Generally speaking, if the raw material level rises next week, the styrene market will follow the rise.