1、 Price trend

According to the monitoring data of the business community, the average price of EPS ordinary material was 11450 yuan / ton at the beginning of this week, and 11575 yuan / ton at the weekend, with a price increase of 1.09% and 50.08% compared with the same period last year.

2、 Market analysis

The trend of domestic EPS was slightly stronger, the styrene goods were tight, the spot price continued to be high, the EPS price increase was limited due to demand suppression, the gross profit space continued to shrink, some terminal factories were under started and the finished product inventory was large, the market transaction was just needed, and the overall transaction was insufficient.

As of May 20, Jiangsu’s common material was 11800 yuan / ton, up 200 yuan / ton, or 1.72% on a month on month basis, and its fuel was 12300 yuan / ton, up 200 yuan / ton, or 1.65% on a month on month basis. On the cost side, the downstream demand conflict is obvious, but the supply and demand side of pure benzene is relatively strong, and the delivery is approaching next week. It is expected that styrene will rise first and then decline next week.

3、 Future forecast

The turnover of EPS market continues to shrink, the merchants are cautious and wait-and-see, the circulation speed of goods is slow, and it is expected that the domestic EPS price will be in a stalemate in the short term.