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SunSirs: Enquiries Increased, EPS Quotation Slightly Increased (March 6-10)
March 14 2023 10:44:47SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the average price of EPS for ordinary materials at the beginning of the week was 9,587 RMB/ton, and the average price of EPS for ordinary materials at the end of the week was 9,625 RMB/ton, up 0.39%, and down 13.29% compared with the same period of the year.

Analysis review

As of March 10, the cash ex-factory price of Tianjin Jiatai ordinary material EPS was 9,900 RMB/ton, and the price of resistance fuel EPS was 10,700 RMB/ton; The price of high resistance fuel EPS was 10900 RMB/ton; The ex-factory price of Shandong Baolilong EPS ordinary material was 9,400 RMB/ton, and the price of resistance fuel EPS was 10,300 RMB/ton. The actual price was mainly negotiated.

The price of styrene in the upstream market fell back in shock, and the EPS market inquiries increased slightly. The quotations were mostly stable, and some were slightly higher. The supply of goods on the site was still relatively loose, and the downstream production was mainly based on consumption of inventory. The market price of EPS common materials in South China was about 9,500-9,600 RMB/ton (tax included).

Market outlook

The EPS market is lack of positive support, and the upward momentum is insufficient. It is expected that the EPS market will maintain narrow consolidation in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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