Last week, Port styrene trade stocks rebound. As of October 16, Jiangsu amount of styrene stock 40,000 tons, 07,600 tons increase over the previous week, the third consecutive decline in seven weeks after the first rebound, indicating that the recent Pupil factors styrene market is gradually changing.
With the rebound in stocks, coupled with the recent decline in international crude oil finishing, styrene spot prices continue to weaken.October 16, 1710 ~ import market closed at $ 1,720 / ton (CFR, China main port), compared with the previous week, fell 3.54 percent; Jiangsu styrene spot price closed at the tank 12750 ~ 12800 yuan / ton, compared with the same period the previous week fell 3.4%.
Styrene inventories increased last week, mainly due to the market after the holiday has come to an end replenishment, stock market digestion significantly decreased compared with the previous week. Recent “golden nine silver ten” traditional peak season demand gradually ending, the temperature is gradually decreased domestic downstream demand exists polystyrene expected to decline. Styrene outlook is expected to increase in inventories is still possible, the market there is a continuous decline in the spot price risk.
Translated by Google Translator from http://news.cria.org.cn/4/17144.html
