According to the commodity market analysis system of Business Society, the mainstream price of styrene in Shandong has fluctuated slightly recently. This week, the average price of styrene in Shandong was 8750.00 yuan/ton, with a month on month increase of 5.42%. The price has increased by 2.34% compared to the same period last year.

styrene

Recently, the market price of styrene has risen. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and consolidating in the past three months, with slight fluctuations in the market this week. International oil prices continue to decline, with poor cost support. As the Spring Festival approaches, the supply of styrene increases while spot demand weakens. The spot transactions in the styrene market are flat, with slight fluctuations in the market.

In terms of raw materials, the price of pure benzene has slightly increased this week, with Sinopec’s pure benzene price at 8300 yuan/ton (prices in Shandong and Hebei regions have increased by 450 yuan/ton simultaneously). The price of pure benzene in East China continues to rise significantly, and downstream buying is still acceptable, with a positive transaction atmosphere. Some refineries in Shandong have a weak willingness to hold goods, resulting in a slight decline in their offers. Some businesses are bullish and actively buy, driving higher trading volume within the day.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. At the beginning of this week, the average price of PS was 9633 yuan/ton, and over the weekend, the average price of PS was 9633 yuan/ton. The price remained stable and decreased by 1.03% compared to the same period last year. PS (Polystyrene) petrochemical manufacturers have gradually stopped reporting, and cost support is still acceptable. Some merchants have withdrawn from the market and are observing, resulting in a weak market atmosphere.

This week’s EPS market has fluctuated and stabilized, with an average price of 10171 yuan/ton for ordinary materials over the weekend. EPS is affected by the upstream pull up, and the market atmosphere has slightly improved. It is expected that the domestic EPS market may experience a narrow range of fluctuations.

Recently, the domestic ABS market has been consolidating. The number of market participants has decreased, and ABS may gradually have a price but no market. It is expected that the market will consolidate and operate horizontally in the short term.

International oil prices continue to decline, with poor cost support. As the Spring Festival approaches, the supply of styrene increases while spot demand weakens. It is expected that the short-term volatility of the styrene market will be mainly downward.