According to the business news agency’s block data list, the average price of domestic hips on May 21 was 13633.33 yuan / ton, down 2.62% from the beginning of the week and up 5.47% from the beginning of the month.

2、 Market analysis

This week, the hips market first stabilized and then fell, with a downward range of 2.62%. At present, under the guidance of macro policy, the prices of nearly 100 kinds of raw materials have “dived” collectively, and the market has gradually returned to rationality. All plasticizing products have declined to varying degrees. In addition, the styrene market has weakened slightly, and the prices of hips have been reduced accordingly. Compared with last week’s prices, the price offered by the shippers has been reduced by about 400-600 yuan / ton, and the market center has shifted downward. So far, the mainstream prices of PS and hips are 11000-11400 yuan / ton and 13300-14100 yuan / ton respectively. The reference price of Sinopec 660 is 13500 yuan / ton, which is 500 yuan / ton lower than that at the beginning of the week. The reference price of Zhongmei 990 in Zhanjiang is 13300 yuan / ton, which is 600 yuan / ton lower than that at the beginning of the week. The reference price of Saike 622 in Shanghai is 14100 yuan / ton, which is the same as that at the beginning of the week, The reference price of CITIC Guoan 688 was 13650 yuan / ton, which was the same as that at the beginning of the week, and the overall market price went down.

In the international crude oil market, on May 20, the international oil price continued to fall. At present, it has fallen for three consecutive days. The settlement price of the main contract in the U.S. WTI crude oil futures market was $61.94/barrel, down $1.41 or 2.2%. The settlement price of the main contract in Brent crude oil futures market was at US $65.11/barrel, down US $1.55 or 2.3%, mainly due to new progress in US Iran nuclear negotiations, a substantial increase in market supply expectation, and the epidemic situation in India.

Raw materials, May 20, styrene market as a whole light. The US dollar market of styrene in Asia was light as a whole, and there were few offers in the market. The RMB price fell within the day, while the US dollar market tended to wait-and-see, and the focus of individual quotations fell. CFR China closed at 1290-1350, with an average price down 40%; FOB Korea closed at 1270-1330, with an average price down 40%. Unit: USD / T. At present, the cost of styrene is well supported. In the short term, the terminal will continue to go to the warehouse and the inventory will remain low. The volume of tradable trade will be small and the downstream demand will be temporarily stable. It is expected that the styrene market will still be in the shock consolidation stage after the rapid rise and fall in the short term.

3、 Future forecast

According to the business news agency, under the guidance of macro policy, the prices of most plasticizing products have fallen, and the trend of styrene has been slightly tired. The bad news has depressed the prices of hips. It is expected that there will still be downward risks in the short term.