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SunSirs: Styrene Prices Rose slightly, China EPS Turnover Improved
September 13 2021 14:56:28SunSirs(Selena)

According to the monitoring data of business society, the average quotation of EPS ordinary materials at the beginning of last week was 10,450 RMB/ ton, and the average price of EPS ordinary materials at the weekend was 10,625 RMB/ ton, with a price increase of 1.67% and 32.81% compared with the same period of the year.

At present, the domestic EPS price has risen sharply. Boosted by the shutdown news of Zhejiang Petrochemical, coupled with the good support of pure benzene, styrene futures and spot stocks strengthened significantly. The cost side support is obvious, the EPS market negotiation atmosphere is obviously active, the speculative demand is obvious, and the market turnover is large. However, the market turnover weakened on Thursday and the overall turnover increased month on month during the week.

As of September 9, Jiangsu ordinary materials were 10,400 RMB/ ton, with a month on month increase of 400 RMB/ ton, or 4%, and resistance fuel was 11,000 RMB/ ton, with a month on month increase of 400 RMB/ ton, or 3.77%.

Zhejiang Petrochemical plant has become a key factor for fundamental transformation. It is expected that the domestic production will increase slightly, and the downstream demand has not recovered significantly. It is expected that China EPS market will be restrained first and then increased this week.

 

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