According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently risen. At the beginning of the week, the average price of styrene in Shandong was 8690.00 yuan/ton, and over the weekend, the average price of styrene in Shandong was 8750.00 yuan/ton, an increase of 0.69%. The price has increased by 9.38% compared to the same period last year.

styrene

Recently, the market price of styrene has risen. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and consolidating in the past three months, with slight fluctuations in the market this week. The supply side is tightening, international oil prices are rising, and cost support is still acceptable. As the Spring Festival approaches, downstream demand is poor, and spot transactions in the styrene market are flat, with slight fluctuations in the market.

In terms of raw materials, the price of pure benzene fluctuated this week, with Sinopec’s pure benzene price at 7950 yuan/ton. Affected by the weakening of the external market, the market is resistant to high prices, and the negotiation atmosphere has weakened, resulting in a decrease in trading volume in both East China and Shandong. It is expected that pure benzene in East China will be weak.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. According to the commodity market analysis system of Shengyishe, the average PS quotation at the beginning of this week was 9566 yuan/ton, and the average PS price over the weekend was 9633 yuan/ton, with a price increase of 0.7% and a decrease of 1.03% compared to the same period last year. PS cost support, it is expected that the domestic PS (polystyrene) price in the short term will mainly fluctuate.

The EPS market remained stable this week, with an average price of 10137.50 yuan/ton for ordinary materials over the weekend. EPS is affected by the upstream pull up, and the market atmosphere has slightly improved. It is expected that the domestic EPS market may experience a narrow range of fluctuations.

Recently, the domestic ABS market has seen a slight increase. As of January 26th, the average price of ABS sample products was 10862.50 yuan/ton, a+1.88% increase or decrease from the average price level at the beginning of the month. The recent trend of ABS upstream three materials is still good, with the acrylic nitrile market mainly consolidating. The price of propylene, the raw material, continues to rise, providing sufficient support for the cost of acrylonitrile. In the early stage, the supply of acrylonitrile was relatively loose, and the current market is buying coldly. The pre holiday stocking volume is average, and the market is balanced between long and short positions, with prices mainly being sideways.

The recent market expectations are optimistic, with international oil prices rising. However, as the Spring Festival approaches, styrene inventories are rising, and spot transactions are slow. It is expected that the short-term styrene market will mainly fluctuate and decline.