First, the price trend
This week (8.14-8.18) styrene market prices up. On Friday (August 11), the sample price of the sample business was 9507 yuan / ton, and the price of the sample business on Friday (August 18) was 961 yuan / ton, up 1.13%.
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According to the business data show: August 18 styrene commodity index was 85.35, compared with the cycle of the highest point of 120.12 points (2012-10-25) fell 28.95%, compared with December 18, 2014 the lowest point 56.90 points up 50.00 %. (Note: cycle refers to 2011-09-01 so far)
Second, the market analysis
Styrene upstream:
Crude oil prices this week, lower volatility. On Friday (August 11) NYMEX September crude oil futures contract settled at $ 48.82 a barrel. October Brent crude oil futures settled at $ 52.10 a barrel. Thursday (August 17) NYMEX crude oil futures rose, the end of the three-fold, NYMEX crude oil futures contract settled in September to $ 47.09 a barrel. Brent’s October crude oil futures settled at $ 51.03 a barrel. Ethylene prices continue to rise this week, the domestic benzene market prices stable operation of the main.
Styrene:
Outer disk: This week the price of styrene outside the disk. As of August 17, the US styrene market closed steadily, FOB US Gulf reported 52.2-52.7 cents / lb, equivalent to 1148.4-1159.4 US dollars / ton. European styrene market FOB ARA rose 10 dollars to 1210-1211 US dollars / ton. Asian styrene market closed up 24 US dollars / ton, FOB Korea received 1175-1176 US dollars / ton, CFR China received 1202-1203 US dollars / ton.EDTA
Market: Styrene market prices this week rose 100-200 yuan / ton, on Friday (August 11) East China market price of styrene in 9600-9620 yuan / ton, the South China market price of styrene in 10100 yuan / ton to send To the price, the North market offer styrene in 9500-9600 yuan / ton to the price. Friday (August 17) East China market offer styrene in the 9700-9750 yuan / ton, the South China market offer styrene at 10200 yuan / ton to the price, the North market offer styrene at 9750 yuan / ton to the price.
Styrene downstream:
PS: the beginning of raw materials, high and volatile styrene, the lack of a clear positive support, the market big steady small move. East China ordinary through benzene reported 10450-10550 yuan. Zhou Zhong due to rebound in raw materials, PS market rose more or less, as of Friday East China ordinary through benzene reported 10400-10600 yuan / ton.
EPS: EPS prices are on the rise this week. According to the business data show: last Friday (August 11) EPS general material reported 10488 yuan / ton. Friday (August 18) EPS general material reported 10588 yuan / ton, or 0.95%. As of Friday Zhejiang and Zhejiang EPS general material prices in the 10600-10700 yuan / ton.
Third, the market outlook analysis
According to business analysts forecast: this week in pure benzene, ethylene, US dollars styrene, bulk commodity plate and other support by the rally, the styrene market prices, support the downstream PS and EPS prices with the rise. The outlook outlook continues to focus on the direction of raw materials for the market for styrene and crude oil.
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