According to the monitoring of bulk data by the business community, the mainstream price of styrene in Shandong rose this week. At the beginning of the week, the price of the sample enterprises of the business community was 9066.67 yuan/ton, and at the weekend, the price of the sample enterprises was 9510.00 yuan/ton, an increase of 4.89%. The price rose 5.96% year on year.

styrene

Styrene market prices rose this week. It can be seen from the above figure that the price of styrene has mainly increased in recent two weeks, and this week the price has continued to rise. The main reasons for the rise are the wide fluctuation of crude oil, the improvement of downstream demand compared with the previous period, the good market transaction, the decline of port inventory, the smooth delivery of styrene to the warehouse, and the rise of spot market due to the atmosphere of replenishment before the holiday.

In terms of raw materials, the price of pure benzene fell slightly after rising this week. On September 2, the price of pure benzene was 7500-7800 yuan/ton (the average price was 7608 yuan/ton). On Friday (September 9), the price of pure benzene was 7700-7850 yuan/ton (the average price was 7767 yuan/ton). The average price was 2.08% higher than last week and 1.93% lower than the same period last year. This week, the inventory of pure benzene in East China port increased by 5000 tons to 64600 tons compared with last week, and the port inventory continued to accumulate.

In terms of downstream, the three major downstream styrene markets rose and fell at different levels this week. At the beginning of this week, the average price of PS ordinary materials was 10550 yuan / ton. At the weekend, the average price of PS ordinary materials was 10466 yuan / ton, a decrease of 0.79% and a decrease of 4.27% compared with the same period of last year. The crude oil rose, the raw material surface was firm, and the petrochemical manufacturers stabilized their prices. As the Mid Autumn Festival holiday approached, the enthusiasm of traders for trading was weakened, and the market trading was weak. The mainstream price of GPPS (polyphenylene sulfide) in East China market is 9800-10900 yuan / ton, and the mainstream price of hips (polystyrene) is 10350-11600 yuan / ton.

The average price of EPS common materials this week is 11450 yuan / ton. The cost support is good, and the focus of market negotiation is higher. The South China market was boosted by futures and the rising trend of the mainstream East China market. The holders of goods rose along the trend, with low enthusiasm for buying orders. The EPS market quotation was weak. The manufacturers maintained stable prices for shipment, and the downstream mainly relied on demand.

The domestic ABS market has risen this week, and the spot prices of various brands have increased. As of September 9, the average price of mainstream general-purpose ABS offers was about 11900 yuan / ton, up or down by + 1.71% compared with the price level at the beginning of the month. In terms of industry load, the expected increase in the commencement of some ABS production lines in the early stage will be fulfilled, and the on-site supply will continue to be abundant, and the supply side will not reduce its pressure on the market. In terms of demand, there are two festivals in the near future. Downstream enterprises are more willing to stock up. In addition, some terminal enterprises have lifted the high temperature power rationing. The market has a strong atmosphere of speculation. However, it still takes time for downstream demand to keep pace with progress. The increase in the market offer is mainly due to the stronger mentality of sellers.

At present, the supply of styrene market is relatively tight, and the downstream commencement has increased slightly. On the whole, if the raw materials increase next week, the styrene market will follow the trend.