According to the monitoring of bulk data by the business community, the mainstream price of styrene in Shandong fell first and then rose in September. At the beginning of the month, the price of the sample enterprises of the business cooperatives was 8666.67 yuan/ton, and at the end of the month, the price of the sample enterprises was 9300.00 yuan/ton, an increase of 3.72%. The price rose 1.20% year on year.
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styrene
In September, the styrene market price rose first and then fell. It can be seen from the figure above that the price of styrene rose in the first three weeks and fell in the last week in the last month. The lowest price of styrene in September was at the beginning of the month, which was 8666.67 yuan/ton. The highest price was 9776.00 yuan/ton on September 14, with a maximum increase of 9.03%. The spot price of styrene continued to rise in the first half of the year. The rise was mainly due to the obvious increase in the downstream operating rate, the improvement in demand compared with the previous period, the decline in port inventory, the smooth removal of styrene from the warehouse, and the rise in the spot market. The downward trend of the styrene market began to decline, mainly because the focus of the pure benzene market continued to move downward, the ethylene market was shaken and consolidated, and the support for the styrene market was limited. The domestic styrene plants returned one after another, the styrene inventory rose, and the rise was weak. It is expected that the price of styrene spot goods will fluctuate and decline in the later period.
In terms of raw materials, crude oil fell sharply this month, and cost support weakened again. Pure benzene rose sharply this month. The price at the beginning of the month is 7600-7700 yuan/ton (the average price is 7617 yuan/ton); The price at the end of the month was 7850-8100 yuan/ton (the average price was 7901 yuan/ton), up 3.72% this month and 1.55% compared with the same period last year. On the demand side, the prices of most downstream products of pure benzene rose this month, and the profitability improved. Downstream shutdown devices were restarted successively in the early stage, and the demand for pure benzene was repaired. The improvement of the demand side drove the pure benzene higher. In terms of ports, the inventory of pure benzene in East China ports rose to 64600 tons at the beginning of the month, but due to the impact of typhoon weather, the import cargo ships were delayed, and the inventory at the end of the month again fell to a low level.
In terms of downstream, the three major downstream styrene markets rose and fell in September. At the beginning of this month, the average price of PS common materials was 10550 yuan/ton, and at the end of this month, the average price of PS common materials was 10466 yuan/ton, down 0.79% and 4.85% year on year. It is expected that the short-term domestic PS (polystyrene) market will fluctuate in a narrow range. The mainstream price of GPPS (polyphenylene sulfide) in the East China market will be 9800-11500 yuan/ton, and the mainstream price of HIPS (polystyrene) will be 10400-11700 yuan/ton.
The EPS market rose in September, and the average price of EPS ordinary materials was 11300 yuan/ton. The cost support is good, and the focus of market negotiation is higher. The South China market was boosted by futures and the rising trend of the mainstream East China market. The holders of goods rose along the trend, and the enthusiasm for buying was not high. The manufacturers maintained stable prices for shipment, and the downstream was mainly on demand.
The domestic ABS market rose in September, and the ABS cost support was good. In terms of industry load, the expected increase in the commencement of some ABS production lines in the early stage will be fulfilled, and the on-site supply will continue to be abundant, and the supply side will not reduce its pressure on the market. In terms of demand, although downstream enterprises mainly digested the pre festival inventory after the festival, the midstream increased in taking goods, the market atmosphere remained buoyant, and the downstream demand for goods preparation for the National Day holiday was approaching, gathering enterprises’ confidence was strong.
In the near crude oil period, the crude oil price has dropped sharply, the cost support is insufficient, the styrene inventory has accumulated, and the downstream demand is expected to weaken. The business community expects that the styrene market will decline mainly in the short term.
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