According to the commodity market analysis system of Business Society, the mainstream price of styrene in Shandong has fluctuated slightly recently. At the beginning of the week, the average price of styrene in Shandong was 9638.33 yuan/ton, while on the weekend, the average price of styrene in Shandong was 9558.33 yuan/ton, a decrease of 1.29%. The price has increased by 21.58% compared to the same period last year.
| Gamma-PGA (gamma polyglutamic acid) |
styrene
Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has mainly fluctuated and increased in the past three months, with a slight correction in the market this week. International oil prices fluctuate and cost support is poor, while the styrene market has risen to a relatively high level. Spot demand is mainly in demand, and downstream demand is slightly resistant to high prices. The styrene market has slightly declined.
In terms of raw materials, the price of pure benzene has slightly decreased this week, and the negotiation atmosphere for pure benzene in East China is flat, with contract transactions being the main focus. Some refineries in Shandong have voluntarily lowered their shipments, while some refineries are sticking to bottom prices to sell their goods. Several factories auctioned off, and the transaction volume continued to shrink.
On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The average quotation for PS this week is 10200 yuan/ton, and the market is stable. The cost support for PS is not good, and the demand is average. It is expected that the domestic PS (polystyrene) price will mainly fluctuate downward in the short term.
This week’s EPS market has fluctuated and stabilized, with an average price of 10787.50 yuan/ton for ordinary materials over the weekend. The cost side support is average, coupled with downstream high price resistance, production and digestion of early finished product inventory are the main factors, and the market wait-and-see atmosphere is obvious, resulting in weak new order transactions. On the demand side, the recovery of downstream demand in the north is relatively slow, and the demand for home appliance packaging is improving. It is expected that the overall recovery of demand will be relatively slow next week.
Recently, domestic ABS prices have been relatively weak. From a fundamental perspective, the upstream three materials of ABS fluctuate and fluctuate, providing poor support for the cost side of ABS. The construction of ABS polymerization plant has significantly increased, and supply pressure is gradually increasing. On the demand side, the demand for goods is weak, and the support for spot goods is not good. In summary, it is expected that the ABS market will be mainly weak and consolidating in the short term.
Recently, international oil prices have risen, and the high price of pure benzene has fluctuated. The supply and demand of styrene are expected to improve and repair, and under the dual positive conditions, it is expected that the short-term volatility of the styrene market will mainly rise.
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