SunSirs: China EPS had Cost Support, Price Rose slightly Last Week
January 18 2021 10:49:09 SunSirs (Selena)
Last week, the EPS market had a good trading trend. At present, the styrene market is rising obviously, the cost supported price is rising slightly, and the market transaction is picking up. However, the mentality of downstream businesses is different, and the replenishment sentiment is cautious.
Ex-factory: Zhongshan Taida EPS ex-factory price was stable, material acceptance price was 8600 RMB/ ton, fuel acceptance price was 8,900 RMB/ ton, firm offer negotiation. East China's EPS factories were limited in production and parking, some brands were in tight supply, some businesses were replenishing goods in an appropriate amount, and traders were cautious in operation, with fast in and fast out focusing on profits. As of January 14, Jiangyin Jianlong's ordinary material was 8,350 RMB/ ton, up 250 RMB/ ton, or 3.09% on a month on month basis, and its fuel was 8,650 RMB/ ton, up 250 RMB/ ton, or 2.98% on a month on month basis.
It is expected that China domestic EPS price will be stronger in the short term, and weaker in the medium and long term.
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