Since March, the East China styrene market has been smeared, and the focus of negotiations has been around a narrow range of 8400-8600 yuan / ton. However, the performance of the northern market has been undergoing subtle changes. Before the deadline, Shandong mainstream talks rose to 8650. -8700 yuan / ton, around the surrounding area of 8700-8750 yuan / ton.
Generally speaking, the East China market is the “wind vane” of the overall trend of the country. The North China and South China are most importantly guided by it. Of course, if the supply and demand fundamentals of each region change, the market will also have a certain independent market. From the recent comparison of styrene market trends, the performance of the northern market is significantly stronger than the mainstream East China, mainly due to the tight support of the local styrene market.
In view of the mainstream styrene plants and downstream supporting facilities in Northeast China and North China, it is not difficult to find that relatively large-scale enterprises include Jilin Petrochemical, Daqing Petrochemical, Liaotong Chemical, Tianjin Daxie, Shandong Yuhuang, Qilu. Petrochemicals are equipped with their own downstream equipment. Looking at the current supply and demand situation in various regions of the North:
In the northeast market, the supply of styrene is mainly from PetroChina Northeastern Company. Due to the recent increase in the load of downstream supporting equipment, the sales volume is less, and the downstream enterprises such as EPS are starting to pick up, and the supply is tight. Some Shandong sources have been renewed locally. At the same time, Jilin Petrochemical will stop the maintenance and repair plan in May, when the overall supply will be greatly reduced.
In the Hebei market, Tianjin Daxie styrene plant has been operating at full capacity in the near future, but it is mainly supplied to the downstream and exported. In addition, Yanshan is also mainly used by itself. The production capacity of Zhongsha Petrochemical Co., Ltd. is relatively small, and local supplies such as Shandong Yuhuang are also required to be supplemented.
In the Shandong market, Qingdao Bay Chemical of the local mainstream styrene refinery ended its overhaul and restarted at the beginning of this week. However, the factory mainly sells large and downstream factories around Jiangsu and Zhejiang, and only a small number of contracted downstream areas around the northern part of the country have limited trade flows. Qilu Petrochemical is still under load and overhaul; Shandong Liaoyuan and Lihuayi have low production capacity and insufficient load; currently the Shandong Yuhuang styrene factory is stable supply, the factory said that the recent good goods, tight supply, and factory listing price Gradually push up.
Despite the tight price of styrene in the northern market, in the face of the weak performance of the mainstream East China market, traders are afraid to rush to stock up. At present, the freight rate from Shandong to Beijing-Tianjin-Tangshan is 150-200 yuan/ton, the freight rate from Shandong to Northeast China is around 350 yuan/ton, and the freight from Jiangsu to Beijing-Tianjin-Tangshan area is 250-300 yuan/ton. It is undeniable in the northern market. Under the tight supply, the impact of Shandong’s supply on the mainstream East China will continue to come to an end. It will continue to be mainly supplied to Shandong and Hebei and Northeast, and the arbitrage window of the mainstream Jiangsu and North styrene markets will soon open.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/48266.html
