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SunSirs: Market Demand is Stable, China EPS Price Rises
November 08 2021 13:16:36SunSirs(Selena)

According to the monitoring data of SunSirs, the average price of EPS ordinary materials at the beginning of last week was 11,050 RMB/ ton, and the average price of EPS ordinary materials at the weekend was 11,125 RMB/ ton, with a price increase of 0.68% and 41.05% compared with the same period of the year.

The price of domestic EPS market weakened slightly. Crude oil recorded the largest decline in nearly two months, commodities generally fell, and styrene fluctuated back. The cost support is weak, the demand in Northeast and Northwest China is greatly weakened, the demand in East China is poor, and only the demand in South China and southwest China is good. In addition, the impact of public health events has increased, and the domestic EPS trend has weakened.

On the cost side, the trend of crude oil may be weak, pure benzene stabilized, ethylene fell and sorted out, the cost support of styrene is relatively stable, local downstream demand may weaken, and styrene is expected to fluctuate slightly in China next week.


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