1、 Price trend
According to the monitoring data of the business community, the average price of EPS ordinary material was 11150 yuan / ton at the beginning of this week, and 10925 yuan / ton at the weekend, with a price drop of 2.02% and an increase of 33.44% compared with the same period of this year.
2、 Market analysis
The main port inventory of styrene in East China increased slightly, and the funds were short of the future market of styrene, and the decline of styrene was obvious. Styrene support weakened, the supply of some EPS brands was tight, the factory had no intention to yield profits substantially, the decline of EPS was less than that of styrene, wheat harvest, power rationing and other factors affected some downstream demand, and the overall transaction was poor within the week.
As of June 10, Jiangsu’s common material was 10600 yuan / ton, down 400 yuan / ton, or 3.64% on a month-on-month basis, and its fuel was 11100 yuan / ton, down 400 yuan / ton, or 3.48% on a month-on-month basis.
3、 Future forecast
On the demand side, with the end of power rationing in South China, peak load shifting in some parts of East China, and the impact of wheat harvest in North China, it is expected that the overall downstream construction may weaken, and the EPS market is expected to weaken slightly next week.
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