I. price trend

Styrene prices fell this week. According to the data of business agency, the price of sample enterprises on Monday (November 11) was 7450.00 yuan / ton, and that of sample enterprises on Friday (November 15) was 7400.00 yuan / ton, a decrease of 0.67%, 15.71% compared with the same period last year.

II. Market analysis

Products:

This week styrene market price narrow range finishing, market supply is good. On November 11, the styrene in East China closed at 7450-7500 yuan / ton, and on November 15, the styrene in East China closed at 7350-7450 yuan / ton, down about 50-100 yuan / ton. The above price is Zhangjiagang’s export price. On November 11, South China styrene closed at 7700 yuan / ton, and on November 15, South China styrene closed at 7550-7600 yuan / ton, down by 100-150 yuan / ton, and the delivery price of the above factories. The styrene market fluctuated in a narrow range this week. By Friday, the styrene port inventory in East China fell, but the overall styrene supply in the field increased slightly. On the whole, the week was steady.

Industrial chain:

The upstream crude oil market was slightly lower this week, down 0.22%, ethylene was up 1.75%, pure benzene was slightly lower 0.19%, and styrene production cost support was weak. On the downstream side, EPS fell slightly by 0.67% and PS rose sharply by 2.54%. In terms of overall operating rate, downstream enterprises still maintain low demand. The deadlock between supply and demand is hard to break, and the market lacks strong support. Styrene production enterprises still maintain a certain profit margin, but the space is narrowed. With the expected arrival of the production of Zhejiang Petrochemical and Hengli petrochemical, as well as the gradual increase of styrene imports to the port in the middle and late November, the port delivery is expected to be less than the arrival volume. Based on the expectations of many parties, the whole industrial chain is short of strong and long empty.

III. future

This week, the international oil price and energy continued to fall. Domestic enterprises stepped up inventory removal, and the trading was flat. It is expected that styrene will mainly settle the market at a low level next week.