According to the Commodity Market Analysis System of the Business Society, the spot price of styrene in Shandong rose first and then fell in September. At the beginning of the month, the spot price of styrene in Shandong was 8746.67 yuan/ton, while at the end of the month, the spot price of styrene in Shandong was 9183.33 yuan/ton, an increase of 4.99%. The price has decreased by 2.48% compared to the same period last year.

styrene

The market price of styrene rose first and then fell in September. From the above figure, it can be seen that the price of styrene has been mainly increasing since July, and the increase in September was greater than the decrease. The reason for the increase is that international oil prices have risen, the pure benzene market has followed suit, and cost support is good. The inventory of styrene ports in East China has remained low. As the Double Festival holiday approaches, downstream companies are actively stocking up, and market transactions are positive, resulting in a higher styrene market. The main reason for the decline is the volatility and consolidation of the pure benzene market, with average cost support. Currently, downstream demand is mainly maintained, production and sales profits are reduced, spot transactions are poor, and there is an expectation of accumulation of styrene, leading to a decline in the market.

In terms of raw materials, the price of pure benzene rose first and then fell in September, with a rapid increase in prices in the middle and early stages, and a gradual decline in prices in the middle and late stages. On September 1st, the price was 7808 yuan/ton; On September 27th, the price was at 8180 yuan/ton, an increase of 4.76% from the beginning of the month and 3.15% from the same period last year. Downstream customers have basically completed their stock preparation, with the main downstream EB market weakening, pure benzene spot negotiations declining, and small order spot negotiations showing moderate enthusiasm and strong bargaining sentiment, resulting in overall negotiations declining.

On the downstream side, the three major downstream markets of styrene saw mixed fluctuations in September. At the beginning of this month, the average price of PS was 9466 yuan/ton, and at the end of the month, the average price of PS was 9933 yuan/ton, with a price increase of 4.93% and a decrease of 5.10% compared to the same period last year. In September, the overall trend of PS prices increased first and then decreased. In the early stage, due to the support of raw material costs, the prices fell due to poor transactions in the later stage. It is expected that in the short term, domestic PS (polystyrene) may mainly experience a volatile trend.

According to the Commodity Market Analysis System of the Business Society, the price of EPS ordinary materials fluctuated and increased in September. At the beginning of the month, the average quotation of EPS ordinary materials was 9850.00 yuan/ton, and at the end of the month, the average price of EPS ordinary materials was 10323.00 yuan/ton, with a price increase of 4.80%. In September, domestic EPS prices were supported by costs, and it is expected that the domestic EPS market will mainly experience a narrow range upward trend.

The domestic ABS market fluctuated and rose in September. The overall performance of ABS upstream three materials in September was strong. The acrylonitrile market is relatively strong at a high level. Downstream devices in China are resuming work, with significant demand driven demand. Upstream goods are flowing smoothly, inventory has decreased to a low level, and propylene prices are driving up in line with the trend. Crude oil prices continue to strengthen, with stronger news support, boosting market confidence.

At present, there is a stock accumulation expectation in the styrene spot market, and downstream demand remains strong. Spot demand is weak, and there will continue to be bargain-hunting and replenishment at the end of the month. It is expected that the short-term volatility and decline in the styrene market will be the main trend.