Shandong styrene market price fluctuates slightly

According to the commodity market analysis system of Business Society, the mainstream price of styrene in Shandong has fluctuated slightly recently. At the beginning of the month, the average price of styrene in Shandong was 8560.00 yuan/ton, and over the weekend, the average price of styrene in Shandong was 8550.00 yuan/ton, a decrease of 0.12%. The price has increased by 2.50% compared to the same period last year.




Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has been mainly fluctuating and consolidating in the past three months, and this week’s market is still fluctuating within a small range. The price of raw material pure benzene has slightly increased, and cost support is still acceptable. Downstream demand has not improved, while styrene supply is relatively abundant, inventory decline is slow, and the rise is weak, with limited market fluctuations.


In terms of raw materials, the price of pure benzene has slightly increased this week. On January 8th, the price of pure benzene was 7413 yuan/ton. On Friday (January 12th), the price of pure benzene was 7480 yuan/ton, an increase of 0.8% from last week and 7.39% from the same period last year. The pure benzene market in East China is still relatively active, with far month and month difference transactions being the main focus. Shandong’s low-priced sources of goods are trading actively, while the high priced sources of goods are trading less than expected.


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 9600 yuan/ton, and over the weekend, the average price of PS was 9566 yuan/ton, a decrease of 0.35% and a decrease of 1.71% compared to the same period last year. The cost support for PS is weak, and demand is weak. It is expected that the domestic PS (polystyrene) price will mainly fluctuate downward in the short term.


The EPS market has slightly increased this week, with an average price of 10000.00 yuan/ton for ordinary materials at the beginning of the week and 10050.00 yuan/ton for ordinary materials over the weekend, an increase of 50 yuan/ton. Upstream support has weakened, with a focus on market transactions. Terminal profits are meager, and buying follow-up is limited. Overall transactions are average, with a strong wait-and-see atmosphere on the market. Buying is mainly in demand.


Recently, the domestic ABS market has remained stable with minor fluctuations, and spot prices of various brands have adjusted narrowly. According to the Commodity Market Analysis System of Business Society, as of January 12th, the average price of ABS sample products was 10662.5 yuan/ton, which is the same as the average price level at the beginning of the month. In the early stage, the domestic ABS industry had a high load, and due to supply pressure, some enterprises had a reduced load. This week, the operating rate of ABS aggregation enterprises has been lowered to below 68%, resulting in stable production and a decrease in inventory due to factory destocking operations. However, the improvement of the company’s profit situation is limited, and there is still pressure on the supply side.


In recent times, international oil prices have continued to rise, with good cost support. Downstream demand is strong for essential goods but weak for spot goods. Specifically, it depends on the market’s situation of buying at low prices before the Spring Festival. It is expected that the short-term volatility of the styrene market will mainly rise.

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