Last week, crude oil prices remain high and volatile, the weekend rose. The United States in November WTI crude oil futures on Thursday (October 20th) fell $1.17, or 2.27%, at $50.43 / barrel. Thursday, December Brent crude futures fell $1.29, or 2.45%, at $51.38 / barrel. The external guide to good, stable raw material benzene – ethylene to stabilize prices last week in asia. Styrene production enterprises profit margins expanded in the last week; the upstream and downstream enterprises, to styrene demand continue to maintain the original price on demand, but the trend of strong, driven by manufacturers, spot purchasing enthusiasm is. The lower the operating load to maintain pre level. The whole industry chain, is still a stalemate consolidation of the situation.
Downstream of PS, Taiwan Park, Leiden, China, but the new Qingfeng the open line, the whole device starts increasing reduced, slightly improved. EPS market, the lack of significant positive support, take the goods terminal bad mood, further shrinking turnover, the factory started limited, temporary lack of change. At present, styrene downstream to improve, but also led the entire oil petrochemical market to improve, despite the recent prices firmed, but still maintain the overall situation of styrene, the long-term is still weak.
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