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Thursday, September 28, 2023

Styrene prices rose this week

First, the price trend

Styrene prices have strengthened this week. According to business community data: this Monday (April 8) sample company price is 8183.33 yuan / ton, this Friday (April 12) sample business price of 8283.33 yuan / ton, an increase of 1.22%, the price compared to last year During the same period, it was still in a down state, down 28.33%.

Second, market analysis

Products: This week, the styrene market rose slightly, and fell later, but the overall situation is still rising from the beginning of the week. On April 8, styrene in East China closed at 8100~8300 yuan/ton. On April 12, styrene in East China closed at 8150-8350 yuan / ton. On April 8, South China styrene closed at 8200-8400 yuan / ton, on April 12, 8375-8450 yuan / ton, up 150 yuan / ton, the above factory delivery price.

Industry chain: The price of pure benzene in the upstream increased all the way this week, and the international oil price rebounded, giving styrene cost support. The downstream PS price stabilized and the EPS price rose slightly after the price rose. However, the market was in a low price. The downstream enterprises purchased on demand, which constituted a trend of a slight decline in styrene prices this week.

Third, the market outlook

In the first half of the year, domestic styrene plants were restarted and repaired, and the market inventory was not stable. However, the price of upstream pure benzene relied on fluctuations in international oil prices, and there was still room for growth. Business analysts believe that the styrene market is dominated and does not rule out Small rises may help support downstream PS and EPS prices. The market should pay more attention to the guidance of the market and the trend of the bulk futures.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/48429.html

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