According to the monitoring of bulk data by the business community, the mainstream price of styrene in Shandong has fallen recently. On the first day, the average price of styrene in Shandong was 8308.33 yuan/ton, and on the seventh day, the average price of styrene in Shandong was 8191.67 yuan/ton, down 1.40%. The price fell by 13.04% year on year.

styrene

Styrene market prices fell this week. It can be seen from the above figure that the recent price of styrene has mainly fallen in shock, and this week the price continues to fall. The main reason is that the port inventory keeps rising, and the inventory of styrene in East China port is 75000 tons, increasing month on month. Tianjin Dagu styrene plant plans to restart, domestic styrene supply increases synchronously, styrene inventory pressure is high, it is difficult to support the styrene market, downstream demand recovery is poor, market transactions are light, and the spot price of styrene continues to decline.

In terms of raw materials, the price of pure benzene fell broadly this week. At the beginning of the week, the price of pure benzene was 7500-7750 yuan/ton (average price: 7472 yuan/ton), and at the weekend, the price of pure benzene was 6900-7050 yuan/ton (average price: 6967 yuan/ton). The average price fell 6.76% from last week and 8.57% from the same period last year. The market purchasing interest is general, the demand in the north is weak, and the factory is willing to ship. The supply side increased while the demand side declined, and the price fell continuously during the week.

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 10166 yuan/ton, and at the weekend, the average price of PS ordinary materials was 10100 yuan/ton, down 0.66%. Downstream and middleman procurement slowed down, and merchants’ shipment was blocked. The mainstream price of GPPS (polyphenylene sulfide) in East China market was 9350-10900 yuan/ton, and that of HIPS (polystyrene) was 10000-11600 yuan/ton.

EPS price is stable this week. Overall transaction weakened month on month. The average price of EPS ordinary materials is 11025 yuan/ton. The buying enthusiasm is not high. The EPS market price is weak. The manufacturer maintains a stable price for shipment, and the terminal demand is sluggish.

At the beginning of November, the domestic ABS market was weak and the price gradually fell. According to the data monitoring of the business community, the average ex factory price of domestic ABS was 12100 yuan/ton on October 30 and 12000 yuan/ton on November 7, with a weekly increase or decrease of -0.83% and a year-on-year increase or decrease of – 29.82%. Recently, the load of ABS industry is high, and the plant commencement is generally maintained at a high level of 80% to 90%, and the supply of goods on the site continues to be abundant. The market competition is strengthened, the pressure on suppliers is highlighted, and petrochemical plants have reduced the factory price to take delivery.

Recently, the pure benzene market fell, and the cost support was poor. Part of the downstream seasonal slack season, demand is expected to soften. On the whole, if the raw materials decline next week, the styrene market will follow suit.