1、 Price trend

 

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According to the bulk data monitoring of business society, the mainstream price of styrene in China has been slightly explored this week. On Monday (December 6), the price of sample enterprises of business society was 8200.00 yuan / ton, and on Friday (December 10), the price of sample enterprises was 8262.50 yuan / ton, an increase of 0.76%. The price increased by 7.54% over the same period last year.

 

2、 Market analysis

 

Styrene market price rose slightly this week. On December 6, East China styrene closed near 8100-8200 yuan / ton. On December 10, it was 8250-8300 yuan / ton, with an increase of 100-150 yuan / ton. The above is the tank export price of Zhangjiagang. On December 6, South China styrene offered 8200-8250 yuan / ton, and on December 10, 8250-8300 yuan / ton, an increase of 50 yuan / ton, and the delivery price of the above factories.

 

In terms of raw materials, after the rise of crude oil this week, the chemical industry was consolidated as a whole. This week, pure benzene in the upstream of styrene followed the trend of crude oil and styrene. After rising, it remained stable. The mainstream quotation of pure benzene on Friday (December 10) was 6420.00 yuan / ton, an increase of 80 yuan / ton, or 1.26%, compared with 6340.00 yuan / ton on Monday (December 6).

 

In terms of operating rate, the average operating rate of domestic styrene plants this week was 75.93%, down 0.39% from last week, and the overall supply was slightly surplus. During the week, phase I of South China Q enterprise was restarted, Keyuan, Yuhuang and Shengyuan had no restart plan, and SINOCHEM Quanzhou stopped for maintenance. It is expected that CNOOC shell phase 2 will be overhauled in December. In terms of new devices, Wanhua may discharge materials in mid December; Lihuayi may postpone to January; Zhenhai Liande plans to ignite at the end of the month, and the product is expected to be delivered in January; Tianjin Bohua is expected to be postponed to the first quarter of next year. It can not be ruled out that the overall long-term bad is too much due to the postponement of the Winter Olympic Games again.

 

Downstream, the overall operating rate of styrene downstream rose this week. The PS market price remained stable this week. As of Friday (December 10), the mainstream ex factory quotation of PS in East China was 10166.67 yuan / ton. The output and commencement increased this week, but there was no accumulation of inventory, and the production and sales were balanced as a whole. The operating rate of PS industry was 84.49%, with a month on month increase of 2.41% and a year-on-year increase of 18.64%. CITIC Guoan increased to 6 through 2, Huizhou Renxin phase 2 raised the negative, and Ningbo Ineos Benz stopped on December 9.

 

In the EPS market, as of Friday (December 10), the mainstream ex factory quotation of EPS in East China was 9950.00 yuan / ton, up 25 yuan / ton or 0.25% from 9925.00 yuan / ton on Monday (December 6). EPS weekly industry started about 54.19%, with a month on month increase of 10.93%. Jiangyin plant returned to normal, Zhuhai rengeng and Tianjin Jiatai stopped, and the overall load increased significantly. The negative atmosphere in the periphery was slightly relieved this week, with high opening support of styrene monomer and tentative small rise of merchants. It was heard that local transactions were good and the overall situation was general.

 

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In the ABS market, as of Friday (December 10), the mainstream ex factory quotation of ABS Zhejiang was 15800.00 yuan / ton, down 250 yuan / ton or 1.56% from 16050.00 yuan / ton on Monday. The ABS industry started 96.82%, up 3.42% from last week. This week, there is no maintenance manufacturer in China except Haijiang, and the overall starting load is high. In the first half of the week, PetroChina’s shipment was average, the listing price was reduced, and the market fell. In the second half of the week, Ningbo Zhenhai was affected by public health events, some supply sources were affected, and the market price stopped falling and stabilized.

 

3、 Later outlook

 

Crude oil consolidation, pure benzene temporary stable consolidation, the cost side gives styrene bottom support, which can not provide rising power. With the impact of the epidemic, the overall impact of policy requirements in Zhenhai area on the upstream and downstream industrial chain is empty. In addition, there is an expectation that new units will be put into operation. On the whole, the styrene market is expected to be in a weak consolidation state next week, and the price is expected to be around 7900-8200 yuan / ton

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