[Depth Reports] Recently of crude oil continues down, Sinopec disc products most trend of consolidation, the market remains weak and narrow plate $styrene. Downstream demand improved from the previous month, raw material prices, the decline in product prices, maintain a joke contract based, purchasing lighter mood.

Because of the recent rally hit $40 / barrel above the strong resistance at the same time, the market concerns about the U.S. crude oil inventories continued to increase the pressure, restart the decline in oil prices today, in addition, before the Fed meeting resolutions more cautious investors also inhibit the action for oil prices to . The United States in April WTI crude oil futures on Tuesday (March 15th) fell $0.84, or 2.26%, at $36.34 / barrel. May Brent crude futures fell $ 0.79 on Tuesday, or 2%, at $38.74 / barrel.

15, styrene commodity index was 78.15, compared with the previous day fell 0.14 points, representing the highest point period 120.11 (2012-10-29) fell 34.93% compared with December 18, 2014, the lowest point of 56.26 rose 38.91%.

17, the price of North China Styrene Market intention, heard a selling intention 9050 yuan / ton to firm talk. The price of Southern China styrene market rose, smell the Guangzhou market intentions offer 9200 yuan / ton from mentioning the atmosphere is light, firm talk. East China styrene market opened slightly higher, the smell of selling stock pushed up to 9000 yuan / ton, the smell of buying intention 8900 yuan / ton, the temporary lack of firm negotiating contract, firm talk. Sinopec East China sales company styrene prices down 200 yuan / ton, recently received its foreign marketing ZRCC factory price temporarily stable price implementation of 8650 yuan / ton. Tianjin Dagu styrene prices down 100 yuan / ton, 8700 yuan / ton, business unit operating stability, sales contract.

At present, the overall, the domestic enterprises generally slightly lower prices, to discuss the market slightly weakened. Recently the price of a narrow range of finishing, just downstream recovery is expected to continue to maintain short-term styrene prices within a narrow range.