[comment] Gade chemical network chemical industry into the four quarter, China styrene stock market fundamentals are weak, the subject is still low to low levels of crude oil and petrochemical market. The lack of crude oil warmer trend makes chemicals market “cold” bursts, the action can be insufficient.

“In the four quarter, Chinese styrene stock market fundamentals are weak, the subject is still low to low levels of crude oil and petrochemical market.” JOYOU information analyst Lu Qiang told reporters, “as one of the petrochemical commodities products of styrene, crude oil and other factors, in the end, the continued downturn in demand low leading production enterprises, to maintain adequate profit, while middlemen spot move goods, small profits, large centralized futures speculation, the market rose to push high cash. Which game, rising short-term slightly higher, the direction remains the pattern of shocks.”

Before the national day before, with the help of local Huojin, unit overhaul, before the Holiday Stocking and transactions brisk, styrene market appeared to pick up a certain. The National Day holiday period, crude oil, raw materials, and other parts of USD rebound, rose more or less, support for good. After the holidays, the stock market, with the rise of electronic trading, short-term bullish market prompted businesses, crude oil, raw materials, such as styrene surface styrene market appeared to rise up.

JOYOU information analysis showed that, after the end of the holiday a few trading days, in addition to a follow up styrene, benzene, ethylene, crude oil rose cut part, intraday profit taking, pupil based supporting is visible market short-term rebound styrene bearish in the face. Keep pushing up short-term styrene stage space, but in the long run, as the market focus of the transformation, if no major unexpected positive stimulus, while bearish direction is styrene market.

According to JOYOU News survey, recent North styrene market, the mainstream manufacturers to follow the local price adjustments and changes, production enterprise sales stable, steady profit, because the North China market will gradually low domestic market, and is still at the end of the season, the external construction has not been restricted terminal production enterprises have gradually increase, the market expected, with the rise of operation. East China, periphery temporarily rose more or less, the electronic disk mid delivery approaches, market demand and market large part replenishment, price consolidation, and in October 9, styrene plant maintenance of internal and external disk, causes the market to reduce the cargo arrival stage holding the goods, trading price, hit the air temporarily weakened, Styrene Market Consolidation rose. Southern China, Shell “eleven” after nearly half the goods, after “eleven” according to the previous normal shipments failed to meet half cumulative demand; petrochemical “eleven” priority lack of contracts, billing less; the sources of imports declaration fails to put on the market; supply in Southern China and other short-term arbitrage around the market to Jan Huojin price, and in late October to the end of 11, Southern China is about 66% of the production capacity overhaul, Southern China Huojin will remain on the domestic market around, or have a certain moving care.

Post market negative factors are mainly in the following aspects: crude oil difficult to break up; in late October, early 11 will gradually enter the pre concentrated maintenance device recovery period; the fourth quarter of the lower market liquidity pressure, a period of time to return the funds will be the focus; 2016 contract negotiations; the traditional off-season, while China will there are more low-cost supply interference and so on, although after the national overall styrene market to keep rising short-term, but the long-term bearish is still strong.