According to the commodity market analysis system of the Business Society, the spot price of styrene in Shandong fluctuated and increased in July. At the beginning of the month, the spot price of styrene in Shandong was 7163.33 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 8200.00 yuan/ton, an increase of 14.47%. The price has decreased by 15.84% compared to the same period last year.
| Bacillus thuringiensis |
styrene
The styrene market price fluctuated and increased in July. From the above chart, it can be seen that the price of styrene mainly fell in May and June, but this month’s price rebounded with a significant increase. The main reason for the increase is that the international crude oil price fluctuates higher, driving the pure benzene market to continue to rise, with strong cost support, small increase in downstream construction, increased spot transactions, more favorable styrene, and rising market.
In terms of raw materials, the price of pure benzene slightly increased in July, with prices gradually increasing. On July 1st, the price was 6183 yuan/ton; On July 31st, the price was at 7265 yuan/ton, an increase of 17.49% compared to the beginning of the month and a decrease of 18.29% compared to the same period last year. 1. Crude oil rose broadly. 2. The Asian American arbitrage window has closed, and the domestic price of pure benzene in China is high, resulting in a high import volume of pure benzene in July. And the overall supply of pure benzene in the market is sufficient. The fundamentals are showing an upward trend in the short term, with sufficient supply on the market. Pure benzene may continue to rise in the short term, and we are waiting to see if the cost and demand sides can improve. Continue to pay attention to the trend of crude oil and external markets, as well as the impact of the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.
| Gamma-PGA (gamma polyglutamic acid) |
On the downstream side, the three major downstream markets of styrene saw mixed fluctuations in July. According to the Commodity Market Analysis System of the Business Society, the average quotation for PS at the beginning of this month was 9200 yuan/ton, and the average price for PS at the end of the month was 9100 yuan/ton. The price decreased slightly by 1.07%, a decrease of 19.12% compared to the same period last year. The pace of merchant shipments is slow, downstream demand is poor, and the PS market has slightly declined.
According to the Commodity Market Analysis System of the Business Society, the price of EPS ordinary materials fluctuated and increased in July. At the beginning of the month, the average quotation of EPS ordinary materials was 9350.00 yuan/ton, and at the end of the month, the average price of EPS ordinary materials was 9475.00 yuan/ton, with a price increase of 1.29%. In July, domestic EPS prices were supported by costs, and it is expected that the domestic EPS market will mainly show a narrow range upward trend.
In July, the domestic ABS market declined, and spot prices were often reduced. According to the Commodity Market Analysis System of the Business Society, as of July 28th, the average price of ABS sample products was 10500 yuan/ton, an increase or decrease of -0.24% compared to the average price level at the beginning of the month. Recently, the three upstream materials of ABS have seen mixed ups and downs, providing average support for the cost side of ABS. The construction of petrochemical plants has increased compared to the previous period, and market inventory has also increased simultaneously. The demand side support has fallen, and the overall weak and rigid demand pattern has been maintained. It is expected that the ABS market may continue to be weak.
At present, international oil prices continue to rise, with strong cost support. At the end of the month, the market is seeking bargains to replenish the increment, and the styrene industry has a good mentality. It is expected that the short-term volatility and rise in the styrene market will be the main trend.
| http://www.lubonchem.com/ |