1、 Price trend
According to the monitoring of bulk data of business agency, the mainstream price of styrene in China fell this week. On Monday (August 10), the price of sample enterprises of business agency was 5266.67 yuan / ton, while on Friday (August 14), the price of sample enterprises was 5250.00 yuan / ton, a decrease of 0.32%. The price fell by 37.38% compared with the same period last year.
2、 Market analysis
This week, the styrene market price fluctuated lower. On August 10, East China styrene closed at 5250-5300 yuan / ton, while on August 14, it was 5250 yuan / ton, down 50 yuan / ton, and the above was Zhangjiagang export price. 50-5300 tons of styrene delivered to the factory on August 10.
| gamma polyglutamic acid agriculture grade |
In terms of raw materials, crude oil rebounded this week, ethylene and pure benzene supply increased, ethylene prices fell steadily, and pure benzene prices stabilized. This week, the pure benzene was relatively stable. On Thursday (August 13), the mainstream quotation of pure benzene was 3440.00 yuan / ton, which was stable compared with last Friday. The demand for pure benzene this week decreased, the price of downstream was seriously depressed, and the market atmosphere was negative. In addition, the external market of pure benzene continued to fall, and the external news was also difficult to benefit the market. Due to the low inventory of some domestic factories, there was no overseas sales, so the price remained stable.
In terms of ethylene, the mainstream ethylene quotation on Thursday (August 13) was 711.75 yuan / ton, down 23 yuan / ton or 3.13% from 734.75 yuan / ton on Friday (August 7). This week, the supply of ethylene market increased, some downstream profitability was fair, and there was still demand for ethylene.
In terms of inventory, the short-term oversupply situation has not changed, and the mainstream inventory is still at a high level. Total inventory in East China this week was 353400 tons, down 1.48% from 358700 tons last week. Last week, some of the cargo was delayed to unload this week due to typhoon and other influences, resulting in a large amount of cargo arriving at the port. And the carrier accelerated to pick up the goods to inventory, this week individual reservoir area picked up a lot of goods. As for domestic styrene, the styrene operating rate decreased slightly this week, with an average operating rate of 82.96% this week, down 3.64% from 86.6% last week. The decline is limited, so the supply of styrene on the site is still sufficient. However, due to the lack of short-term production increase expectation in the downstream, some shutdown devices still have no clear start-up time, so the demand for styrene remains weak.
Downstream, styrene downstream overall operating rate is good this week, still maintain considerable production and marketing profits. In the PS market, as of Thursday (August 13), the mainstream ex factory price of PS in East China was 7916.67 yuan / T, which was stable compared with last Friday. The supply of some goods was tight this week, but the price remained stable after the market pull-up was blocked.
In the EPS market, as of Thursday (August 13), the mainstream ex factory price of EPS in East China was 8012.50 yuan / ton, flat compared with last Friday. The supply of EPS in East China market is still tight. Some factories accept orders cautiously, and traders are flexible. The terminal demand is difficult to boost. The transaction is still not ideal and the order is deadlocked.
| Gamma Polyglutamic Acid |
In the ABS market, as of Thursday (August 13), the mainstream ex factory quotation of ABS Zhejiang was 13400.00 yuan / ton, up 650 yuan / ton or 5.1% from 12750.00 on Friday (August 7). This week, ABS prices continued to rise. The market heard that the demand of Southeast Asia and Europe increased, and the flow of import goods from South Korea and Taiwan changed, and most of them went to Europe and Southeast Asia, resulting in a substantial decrease in import materials, which forced the price of domestic materials to rise. In addition, the demand for export appliances surged in August, and the demand for ABS increased. But this week ABS inventory continues to maintain a low level, on-site supply is tight, so the price rises.
3、 Future prospects
Next week, the total inventory in East China will remain high, domestic supply will remain adequate, and downstream demand will remain rigid. The trend of crude oil, ethylene and pure benzene has a great impact on the trend of styrene. It is expected that styrene will maintain shock finishing next week, and the market needs to pay close attention to the price trend of crude oil.
| http://www.gammapolyglutamicacid.com |