chemical industry in November 2nd, Southern China styrene market to wait and see, the smell of Guangzhou intention to sell 8800 yuan / tons of imports from 8850 yuan / ton, the domestic to caution, firm talk. East China styrene market opened with the intention to sell the spot test, smell 8650 yuan / ton, buying cautious, firm talk. PetroChina northeast styrene prices temporarily stabilized, it’s Jinzhou, Jinxi, Fushun, Daqing and other styrene price 8500 yuan / ton, the device starts at 8-9, output priority and internal mutual supply contracts. Lanzhou HSBC full load production 25 thousand tons / year styrene plant, sales price 8300 yuan / ton, the recent sales, mostly around the southwest. Tianjin Dagu 500 thousand tons / year styrene plant started into about 8, inventory temporarily, smell its core users temporarily perform the price of 8600 yuan / ton, the smell of spot sales increases.

International: U.S. WTI crude oil futures on Tuesday (December November 1st) fell $0.19, or 0.41%, at $46.67 / barrel. Tuesday, January Brent crude futures fell $0.47, or 0.97%, at $48.14 / barrel. The market for the organization of the Petroleum Exporting Countries (OPEC) production prospects is increasing, while crude oil prices have stimulated some blocked profits, which also increased the downward pressure on prices, but the dollar downside temporarily limit prices fall. Oil prices fell, the peripheral guide is not clear.

Follow up of domestic styrene market buying options, market prices. Domestic production enterprises temporarily stable prices at the beginning of the month, see price stability. The downstream temporary coins, pass the cost pressure or increase profits. Ethylene prices steady decline, benzene prices demand by the downstream manufacturers supporting high profit space is better, and the East China area due to direct sales of production enterprises with terminal factories increased, and part of the cargo or deferred or not to discharge the cause, inventory reduction, increase is expected to do with the original arrival, affect the business mentality, continue to spot pull up.

The price is expected to styrene in the short term the market will maintain a narrow plate, lack of momentum.