According to the commodity market analysis system of the Business Society, the spot price of styrene in Shandong fluctuated and decreased in June. At the beginning of the month, the spot price of styrene in Shandong was 7815.00 yuan/ton, while at the end of the month, the spot price of styrene in Shandong was 7175.00 yuan/ton, a decrease of 8.19%. The price has decreased by 32.27% compared to the same period last year.

styrene

The styrene market price fluctuated and decreased in June. From the above chart, it can be seen that the price of styrene has mainly fallen in the past three months, with a three week decline and a one week increase this month, with the decline far exceeding the increase. The main reason for the decline is the fluctuating international crude oil prices, the continuous decline in the pure benzene market, poor cost support, downstream demand mainly, weak gas buying, and the main decline in the styrene market. The slight rebound was due to a significant increase in crude oil and styrene following the rise in costs. In summary, the styrene market in June was mainly affected by costs and weak spot demand.

In terms of raw materials, the pure benzene market fell in June. At the beginning of the month, the price was 6530.50 yuan/ton, and at the end of the month, the price was 6177.17 yuan/ton, a decrease of 5.41%, a decrease of 35.15% compared to the same period last year. The outlook for Economy of Asia’s economy and demand continued to improve, and the US dollar exchange rate fell. The international oil price rebounded strongly. Several new supply units were about to be put into production. The operators were still worried about the oversupply in the future market. The goods holders shipped at high prices, and the demand side replenished the goods smoothly. The pure benzene market continued to decline.

On the downstream side, the three major downstream markets of styrene saw mixed fluctuations in June. According to the Commodity Market Analysis System of the Business Society, the average quotation for PS at the beginning of this month was 9366 yuan/ton, and the average price for PS at the end of the month was 9233 yuan/ton. The price decreased slightly by 1.42%, a decrease of 19.12% compared to the same period last year. Merchants have a slow pace of shipping and operate according to market conditions. The mainstream price of GPPS (Polyphenylene sulfide) in East China market is 8000-9300 yuan/ton, and the mainstream price of HIPS (polystyrene) is 8550-9650 yuan/ton.

According to the Commodity Market Analysis System of the Business Society, the price of EPS ordinary materials decreased in June, with an average quotation of 9475.00 yuan/ton at the beginning of the month and 9400.00 yuan/ton at the end of the month. The price decreased by 0.79%, a decrease of 14.55% compared to the same period last year. In June, the domestic EPS prices slightly decreased, and the EPS market lacked positive support. It is expected that the domestic EPS market may be dominated by a narrow and weak trend.

In June, the domestic ABS market fell first and then rose. According to the Commodity Market Analysis System of Business Society, as of June 29th, the average price of ABS products was 10525 yuan/ton, a 5.92% increase or decrease from the average price level at the beginning of the month. This month, there has been an increase in ABS enterprise maintenance and independent load reduction, and the current industry operating rate is about 77%. The on-site spot supply is abundant, and the pressure on the supply side has slightly eased. The overall inventory continues to be consumed due to short supply and oversold, and supply side support for the spot market has rebounded.

The international oil price has rebounded, and cost support has been good for a short time. At the end of the month, the market is seeking bargains to replenish the increment. The mentality of the styrene industry is good, and it is expected that the short-term styrene market will mainly fluctuate and rise.