According to the business news agency’s block data list, the average price of domestic hips on June 25 was 12533.33 yuan / ton, down 0.27% from the beginning of the week, 5.29% from the beginning of the month, and 7.62% from the beginning of the month.
2、 Market analysis
This week, the market of hips was weak and the price fell slightly. The raw material Styrene Market stopped falling and rebounded in the week, but the cost side didn’t have enough support. The hips market still didn’t improve, and the benzene market picked up, which was better than the benzene market. At present, the off-season demand is poor, the downstream gas buying is insufficient, the delivery pressure of the cargo holders is large, the price is under pressure, and the market is difficult to be optimistic in the short term. Up to now, Guangzhou Petrochemical 660 reference price is 12400 yuan / ton, Zhanjiang Zhongmei 990 reference price is 12300 yuan / ton, Shanghai Secco 622 reference price is 12900 yuan / ton, the overall market is weak.
For international crude oil, on June 24, international oil prices rose slightly. The settlement price of the main contract in the US WTI crude oil futures market was US $73.30/barrel, up 0.22 US dollars or 0.3%. Brent crude oil futures market settlement price of the main contract at 74.81 U.S. dollars / barrel, or 0.31 U.S. dollars or 0.4%. The oil price continued to consolidate at a high level. At present, the price has reached the highest level in nearly three years, mainly due to the support of US commercial crude oil inventory data and the delay of Iranian oil’s return to the market.
In terms of raw materials, the market price of styrene stopped falling and rebounded this week, rising sharply. On June 18, Shandong styrene closed at 8750-8900 yuan / ton, and on June 25, it was 9100-9200 yuan / ton, up about 300-350 yuan / ton, above the can price of Zhangjiagang. On June 18, South China styrene closed at 8750-8800 yuan / ton for delivery, and on June 25, 9250-9300 yuan / ton, up 500 yuan / ton. The delivery price of the above factories was lower.
3、 Future forecast
Business news agency believes that the current cost side of the boost is insufficient, combined with poor downstream demand in the off-season, insufficient gas buying, there is a certain pressure on the sales of goods holders, and the price of hips is under pressure. It is expected that the price of hips will fluctuate slightly in the short term, and we need to pay close attention to the price trend of raw materials.
| PVA |