1、 Price trend
As of July 23, Jiangsu styrene spot was about 5300 yuan / ton, down 60 yuan / ton or 1.12% compared with 5360 yuan / ton on July 16. Recently, styrene support was insufficient, and some terminal demand was weakened.
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2、 Market analysis
In terms of price: as of July 23, the transaction volume of Jiangsu common materials was 7900 yuan / ton, which was flat compared with July 16, and 8200 yuan / ton of fuel was flat compared with July 16.
3、 Future forecast
The overall EPS market performance is relatively rigid, with traders’ shipping intention increasing. However, due to the temporary failure of some EPS devices to produce normally, the supply of goods in East and South China is still tight, and some traders have no intention to make a substantial profit margin for shipment, thus tightening the market risk preference.
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