SunSirs: China EPS Raw Materials Fluctuate High and Prices were Firm
May 17 2021 13:49:24 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of EPS ordinary material was 11,325 RMB/ ton at the beginning of last week, and 11,475 RMB/ ton at the end of last week, with a price increase of 1.32% and 51.74% compared with the same period last year.
The domestic EPS market is stable, with ordinary materials of 11,500-11,700 RMB/ ton and fuel of 12,000-12,200 RMB/ ton in Jiangsu Province. Styrene continued to fluctuate at a high level, EPS ex-factory price was stable, and the market transaction was depressed.
Styrene continued to strengthen, coupled with the lack of stock market before the May Day holiday, EPS market orders volume on the first day after the holiday. However, styrene remained at a high level, the cost pressure of EPS plant increased, and the merchants were cautious to wait and see. On the supply side, the normal production of inter node parking devices will resume, and the EPS supply orders will turn better after the festival. It is expected that the production will increase significantly this week.
It is expected that China domestic EPS price will be mainly consolidated in the short term.
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