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SunSirs: Cost support, EPS shocking
April 11 2022 09:04:04()

1. Price trend

According to the monitoring data of business society, the average price of EPS ordinary materials at the beginning of this week was 11025 RMB/ton, and the average price of EPS ordinary materials at the weekend was 11025 RMB/ton. The price was stable, up 3.28% compared with the same period of the year.

2. quotations analysis

At present, EPS price fluctuates, crude oil fluctuates at a high level, styrene is relatively strong, and the impact of public health events is still obvious. However, local logistics and transportation restrictions have been improved. In addition, the cost side support has been strengthened, and some terminal merchants have replenished goods in the market, and the overall transaction has improved. As of April 7, Jiangsu sample enterprises had 11100 RMB/ton of ordinary materials, up 100 RMB/ton, or 0.91%, and 12000 RMB/ton of barrier fuel, up 100 RMB/ton, or 0.84%.

Domestic styrene prices have a white line of overall rise. During the week, the spot high-end transaction in Jiangsu was about 10000 RMB/ton, the low-end transaction was 9700 RMB/ton, and the high-end and low-end price difference was 300 RMB/ton. The strong performance of the cost side this week has become the main support for the price of styrene. On the premise of sudden maintenance of Zhejiang Petrochemical, the market began to show upward sentiment.

3.Future forecast

On the demand side, due to force majeure or suppression of production enthusiasm, the downstream starts or remains stable next week. It is expected that the EPS market may be weak and volatile in the short term.

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