SunSirs: EPS Downstream Demand Slows Down and Price Falls
March 08 2021 11:14:26 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of EPS ordinary material was 11,075 RMB/ ton on March 1 at the beginning last week, and the average price of EPS ordinary material was 11,075 RMB/ ton on March 5, up 21.70% compared with the same period last year.
The profit of raw material styrene increased. The sharp fall of futures led to the drop of spot price. The good transaction of paper goods after the middle of the week led to the rebound of styrene price. As of March 4, the spot price of styrene in Jiangsu was about 9,700 RMB/ ton, up 125 RMB/ ton or 1.31% compared with the closing price of 9,575 RMB/ ton on February 25. In addition, most domestic EPS factories have continuously lowered their ex-factory prices. In addition, the profit taking of low price goods before spring festival has increased, and the overall market transaction is weak. According to the statistics of SunSirs, since the end of the festival, as of March 4, Jiangyin Jianlong's ordinary materials had been delivered at 10,900 RMB/ ton, down 300 RMB/ ton, down 2.68% on a month on month basis, and the fuel had been delivered at 11,200 RMB/ ton, down 2.61% on a month on month basis.
At present, the delivery pressure of some EPS factories is obvious, and the inventory reduction is negative. However, there may be a device restart this week, and the cost pressure is obvious, so it is expected that China EPS market will fluctuate in a narrow range next week.
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