According to the commodity market analysis system of the Business Society, the spot price of styrene in Shandong fell first and then rose in August. At the beginning of the month, the spot price of styrene in Shandong was 8650.00 yuan/ton, while at the end of the month, the spot price of styrene in Shandong was 8733.33 yuan/ton, an increase of 0.96%. The price has decreased by 2.15% compared to the same period last year.

styrene

The market price of styrene fell first and then rose in August. From the above figure, it can be seen that the price of styrene has been mainly increasing since July, and the increase in August was greater than the decrease. The main reason for the decline is the decline in international oil prices, poor cost support, and the decline in styrene market. The reason for the increase is the rise in international oil prices, good cost support, low styrene inventory, and a rising market.

In terms of raw materials, the price of pure benzene increased in August. The price of pure benzene in East China has increased in negotiations, and the industry expects that there will still be a shortage of imported goods arriving on ships in September. In addition, there will be a demand for National Day restocking in the downstream by the end of September, which will drive up spot prices in the far month. East China traders took profits, increased market circulation, and buying retreated. Shandong Refinery’s inventory is low, and the offer continues to rise.

On the downstream side, the three major downstream markets of styrene saw mixed fluctuations in August. At the beginning of this month, the average price of PS was 9166 yuan/ton, while at the end of the month, the average price of PS was 9466 yuan/ton, with a slight decrease of 3.27% and a decrease of 10.55% compared to the same period last year. PS cost support, it is expected that in the short term, domestic PS (polystyrene) may mainly experience a volatile trend.

According to the Commodity Market Analysis System of the Business Society, the price of EPS ordinary materials fluctuated and increased in August. At the beginning of the month, the average quotation of EPS ordinary materials was 9700.00 yuan/ton, and at the end of the month, the average price of EPS ordinary materials was 9850.00 yuan/ton, with a price increase of 1.52%. In August, domestic EPS prices were supported by costs, and it is expected that the domestic EPS market will mainly experience a narrow range upward trend.

The domestic ABS market fluctuated and rose in August. In August, the upstream three materials of ABS were consolidated steadily with strong support for the cost side of ABS. The start of petrochemical plants saw a narrow increase compared to the previous period, and market inventory continued to accumulate. On the demand side, support is weak, and the overall pattern of weak and rigid demand is maintained. It is expected that the ABS market may enter a stalemate.

At present, the inventory of commercial crude oil in the United States has significantly decreased, international oil prices continue to rise, cost support is strong, and at the end of the month, the market is seeking bargains to replenish the increment. The mentality of styrene industry is good, and it is expected that the short-term volatility and rise of the styrene market will be the main trend.