Price Trend
Styrene prices have risen this week. According to data from business associations, the prices of sample enterprises were 8450.00 yuan/ton on Monday (March 11) and 8450.00 yuan/ton on Friday (March 15), which was 26.89% lower than the same period last year.
II. Market Analysis
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Product: Styrene market is stable this week. On March 11, East China Styrene closed at 8480-8500 yuan/ton, down 70-80 yuan/ton from the previous trading day. The above is Zhangjiagang’s canning price. South China: South China Styrene closes at 8600-8650 yuan/ton, up 50 yuan/ton from the previous trading day, and above factory delivery price. Styrene inventory is reduced, volume is low and price is stable.
Industry chain: Upstream pure benzene prices fell, with a price of 4890.00 yuan/ton at the beginning of the week and 4740.00 yuan/ton at the end of the week, a decline of 3.07%. Cost support for styrene is limited. PS downstream shocks, EPS prices rose slightly, downstream demand improved from last month, on-demand procurement, Styrene Market rose.
3. Future Market Forecast
Recently, domestic styrene plant overhaul is more, and affected by the trade war, port inventory is low, many good business analysts believe that: styrene market consolidation is the main, do not rule out the possibility of a small rise. The market should pay more attention to the guidance of the external market and the trend of bulk futures.
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