1、 Price trend
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According to the bulk data list of business society, the average price of domestic hips on February 11 was 11733.33 yuan / ton, up from 11233.33 yuan / ton at the beginning of the week, up 4.45% during the week and 4.76% month on month.
2、 Market analysis
This week, the market price of raw styrene rose first and then fell, and the cost side supported the rise of hips price. The benzene market also rose simultaneously. After the Spring Festival, the market gradually recovered, downstream enterprises started one after another, the demand increased, the market trading atmosphere improved, the cost and demand side supported, and the hips price increased. By the end of the weekend, the mainstream ex factory price of hips was mostly about 11400-14300 yuan / ton, and the price of benzene was mostly 9600-10500 yuan / ton. The PS market rose steadily during the week.
In the international crude oil market, the price of international crude oil futures rose sharply on February 11. The settlement price of the main contract of WTI crude oil futures in the United States was US $93.10/barrel, up US $3.22 or 3.6%, and the settlement price of the main contract of Brent crude oil futures was US $94.44/barrel, up US $3.03 or 3.3%. Oil prices hit a new high in more than seven years, mainly due to the escalation of tensions between Russia and Ukraine, which exacerbated concerns about the shortage of global energy supply.
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In terms of raw materials, the market price of styrene rose first and then fell this week, with a small overall decline. On February 7, East China styrene closed near 9050-9350 yuan / ton. On February 11, it was 8850-9000 yuan / ton, down near 200-300 yuan / ton. The above is the tank price in Zhangjiagang. On February 7, South China styrene closed at 9300-9350 yuan / ton. On February 11, it was 8800-8850 yuan / ton, down by 500 yuan / ton. The delivery price of the above factories.
3、 Future forecast
The business community believes that after the Spring Festival, the hips market is rising, but the raw material styrene is still in a state of excess fundamentals, and the probability is weak. Therefore, it is expected that the hips market will be generally stable and watch carefully.
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