According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently risen. At the beginning of the week, the average price of styrene in Shandong was 9290.00 yuan/ton, and over the weekend, the average price of styrene in Shandong was 9420.00 yuan/ton, an increase of 1.40%. The price has increased by 13.27% 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 mainly fluctuated and increased in the past three months, and the market continues to rise this week. The pure benzene market is on the rise, with good cost support and a rapid decline in port inventory. There is still expectation of destocking, and the styrene market is slightly higher.

In terms of raw materials, the price of pure benzene has surged to 8800-8850 yuan/ton this week, and there is room for adjustment in the main listing. The price of pure benzene in East China has risen due to optimistic future demand and increased expectations for pure benzene demand, driving up the price of pure benzene. Shandong is driven by the strength of the East China market, and market buying continues. Multiple refineries continue to offer higher prices, resulting in a large number of transactions.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. At the beginning of this week, the average PS price was 9700 yuan/ton, and over the weekend, the average PS price was 9833 yuan/ton, with a price increase of 1.37% and a 5.55% increase compared to the same period last year. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 9650 and 11250 yuan/ton, and the mainstream price of HIPS (polystyrene) is between 10000 and 11500 yuan/ton.

The EPS market remained stable this week, with an average price of 10450.00 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.

The domestic ABS market has been relatively stable recently. As of March 18th, the average price of ABS products was 12112.50 yuan/ton, a decrease of+3.18% from the beginning of the month. Recently, the overall performance of the upstream three materials of ABS has remained stable, moderate, and strong, maintaining support for the cost side of ABS. Petrochemical plant operations continue to decrease, and supply pressure has significantly eased. On the demand side, due to downstream enterprises resuming work and increasing production schedules, ABS consumption has increased. Merchants are attempting to offer higher prices, resulting in strong market momentum. The current ABS fundamentals are generally bullish, and the ABS market may continue to rise in the short term in the future.

In the near future, cost support has been good, and the domestic supply of styrene is expected to decrease, with stable demand. It is expected that the styrene market will fluctuate and rise in the short term.