SunSirs: Cost Support Weakened, China EPS Price Fell
June 21 2021 15:29:08 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of EPS ordinary material was 10,925 RMB/ ton at the beginning of last week, and 10,675 RMB/ ton at the beginning and end of last week, with a price drop of 2.29% and an increase of 31.79% compared with the same period of the year.
In terms of cost, styrene is expected to be weak, pure benzene is difficult to have a clear direction for the time being, styrene supply is increasing, and the arrival of US dollar goods is increasing. On the supply side, it is difficult to restart the stopped EPS device next week, and it is expected that the output will not change much this week.
EPS factory delivered goods at a small margin, affected by the rebound of styrene, the overall turnover volume. As of June 17, Jiangsu's common material was 10,400 RMB/ ton, down 200 RMB/ ton, or 1.89% on a month on month basis, and its fuel was 10,900 RMB/ ton, down 200 RMB/ ton, or 1.80% on a month on month basis.
China domestic EPS market was weak, styrene fell to near the cost line, and the market negotiation was slightly deadlocked. China EPS market is expected to weaken slightly this week.
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