The spot price of styrene in Shandong rose in January. At the beginning of the month, Shandong styrene spot price was 8000.00 yuan/ton, and at the end of the month, Shandong styrene spot price was 8625.00 yuan/ton, up 7.81%. Compared with the same period last year, the price decreased by 3.20%.

The market price of styrene rose in January. It can be seen from the above figure that the price of styrene has risen for four consecutive weeks in the past month. The main reason for the increase is that before the Spring Festival, the goods preparation before the festival is superimposed on the export goods collection. Although the downstream is only a need, the purchase intention is good and has some support for the market. The expectation that the port inventory may fall slightly is beneficial to the styrene market. After the Spring Festival, crude oil prices fell and cost support was poor. The styrene market is expected to fall mainly in the short term.

Raw materials: pure benzene fluctuated and decreased this month. The price on January 1 was 6550-6850 yuan/ton (the average price was 6700 yuan/ton); At the end of January, the price was 6850-7200 yuan/ton (the average price was 7025 yuan/ton), up 4.63% this month, up 1.64% from the same period last year. This month, the pure benzene market was negatively affected by many factors, and the price fluctuated and fell. First, crude oil fell sharply and the cost side was negative. Second, the Asian-American arbitrage window was closed, and the price of pure benzene in China was high, so the import volume of pure benzene in January was at a high level. Moreover, the overall supply of pure benzene is sufficient. Third, the downstream profit level is poor, and styrene continues to buy into the market.

Downstream: The three major downstream of styrene rose and fell in December. At the beginning of January, the average price of PS brand 525 was 9766 yuan/ton, and at the end of the month, the average price of PS brand 525 was 9733 yuan/ton, down 0.34% and 3.63% year on year. The factory price of domestic PS is weak, and the shipping price of merchants is weak. It will take time for the transaction to recover after the holiday, and the market price reduction is limited. At present, the replenishment enthusiasm of small and medium-sized downstream factories has declined. On December 30, 2022, the perbenzene in the East China market fell by 100 yuan/ton to 8700 yuan/ton, and the perbenzene was stable to 10250 yuan/ton.

According to the data, the average price of EPS ordinary materials at the beginning of the month was 10500 yuan/ton, and the average price of EPS ordinary materials at the end of the month was 10275 yuan/ton, a decrease of 2.10%. In recent years, the continuous expansion of EPS capacity has led to obvious imbalance between supply and demand. Some businesses are bearish on the market prospects and are cautious. They have little stock at the end of the year and the overall trading volume is poor. With the further drop of temperature in the north, the demand for insulation boards represented by North China and Northeast China may fall to freezing point, and some EPS equipment is expected to stop in advance.

The domestic ABS market rose slightly in January. As of January 31, the average price of ABS samples was 12100 yuan per ton, up 2.98% from the average price at the beginning of the month. The overall performance of ABS upstream three materials this month was fair. Among them, the acrylonitrile market rose slightly, and the listing price of manufacturers rose in January. At the same time, the support of raw material propylene is strong, the industry starts low, and the prices of merchants are rising, and they are unwilling to sell. This month, downstream factories, including the main terminal appliance industry, prepared goods step by step. The stock volume before the holiday is general, the overall demand tends to be stable, and the market is normal. After the festival, buyers and merchants follow the market.

Recently, the international crude oil market has continued to decline, the cost support is general, and the spot demand for styrene is generally weak. Therefore, the Commercial News Agency expects that the styrene market will decline slightly in the short term.

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