1、 Price trend
According to the monitoring data of the business community, the average price of EPS common material was 10250 yuan / ton on April 5 at the beginning of this week, and 10600 yuan / ton on April 9 at the end of this week, up 40.40% compared with the same period last year.
2、 Market analysis
This week, the EPS market rose first and then declined, and the overall trend was slightly higher. Styrene rebounded strongly after the Qingming Festival. As of April 8, Jiangsu styrene spot was about 8850 yuan / ton, down 200 yuan / ton or 2.21% compared with the closing price of 9050 yuan / ton on April 1. At the beginning of the week, the strong upward trend of styrene led some terminal merchants to replenish goods in an appropriate amount. However, toluidine was near the cost line. In the middle of the week, styrene began to callback continuously to depress the market atmosphere. In addition, terminal demand was still recovering slowly. Some EPS factories were under pressure in shipment, and the downstream buyers were not willing to buy. The overall turnover was significantly weakened.
On the supply side, some of the plants have been shut down for a short time, and the output is expected to decrease slightly next week. On the demand side, the demand for plate in North China and Northeast China has improved, but the recovery of packaging market in East China and South China is relatively slow, and the market demand is expected to increase slightly next week.
3、 Future forecast
At present, the demand for packaging in East China and South China is weak, while the demand for graphite and B1 fuel in North China is better, especially in xiong’an and Hebei. The EPS market is expected to be weak next week.