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Sunday, October 24, 2021

Operational recommendations for styrene on November 25

Styrene May contract closed at 7013 yuan / ton at night, up 13 yuan / ton, up or down 0.19%. Upstream East China’s pure benzene supply and demand two weak prices to 5350 yuan / ton; styrene high price transactions were blocked, merchants let profit delivery, North China sent down 65 to 7335, Shandong sent down 50 to 7375, East China rebounded from 75 to 7200, South China sent to maintain 7400; downstream PS, ABS price consolidation, EPS prices have loosened.

Logic: The price of short-term crude oil or boosted oil liquefied products rebounded, and next week’s inventory increase will suppress the rebound high strategy: 6950 is more than one line.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/51839.html

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