Disk situation: EB2001 contract increased in the day. When the date price is 6974, it is +0.75% compared with the previous trading day; the volume is 120230, the position is 167874, +10022; the basis is 176, and the EB5-9 month spread is -48.
News: 1, Anqing Petrochemical 100,000 tons / year styrene parking at the end of October, is expected to drive at the end of December. The Shuangliang 210,000 tons/year styrene plant is currently under maintenance and is scheduled to start in early December. The 550,000 t/y styrene plant in Ellba, Netherlands, will be renewed for 10 days, and the plant was originally scheduled to resume production in the second week of November.
Upstream raw materials: the price of pure benzene in Shandong is 5350 yuan / ton, +0; ethylene Northeast Asia is 810 US dollars / ton, +0.
Market quotation: The spot market price fell, the spot price in East China was 7150-7200 yuan / ton, down 25-35 from the previous trading day; the spot price in Fujian area was 7350 yuan / ton, down 25 from the previous trading day. Ex-factory price, the factory ex-factory price of 7250 yuan / ton range, unchanged from the previous trading day.
Warehouse receipt inventory: 0 warehouse receipts.
The main positions: the top 20 long positions 52335, +3717; short positions 53167, 3489; long and short increase, the clearance decreased.
Summary: With the restart of some equipment, the operating rate of styrene equipment increased by 4.95% to 85.36%, and the downstream operating rate decreased slightly. However, due to the delay of cargo and cargo and the impact of previous equipment maintenance, the domestic styrene factory inventory decreased slightly by 4.47%. At present, the non-integrated profit margin of styrene is near the profit and loss line. From the perspective of supply and demand pressure, the shipment of delayed cargo of styrene continues to decrease. The short-term supply and demand are relatively stable. However, the fundamentals of the mid-line are still weak, and the downstream has a load reduction plan. The PS and EPS devices are scheduled to be overhauled in mid-November. Further weakened. The expansion of the basis is short-term against the futures price, and the short-term strong mid-term styrene is weak. Technically, the EB2005 contract closed up within the day, and the above concerns the pressure of the 7000 mark. It is recommended to wait and see.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/51836.html
