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SunSirs: The Manufacturer's Shipment is not Smooth, China EPS Price Drops
December 01 2022 11:00:17SunSirs(Selena)

According to the monitoring data of SunSirs, the average price of EPS ordinary materials at the beginning of this month was 11,025 RMB/ ton, and the average price of EPS ordinary materials at the end of this month was 10,500 RMB/ ton, down 4.76% and up 0.72% compared with the same period of the year.

From the perspective of cost, the upstream styrene maintains a low range of shocks, the traditional off-season superimposed logistics is blocked, the demand for styrene is weak, the downstream buyers are mainly wait-and-see, the EPS manufacturers are not smooth in shipping, the market is pessimistic, the terminal just needs replenishment, and the overall trading is OK.

At present, the average operation of EPS devices in China is more than half, down from last week. The demand is still weak, and the buying price is weak. EPS manufacturers are under pressure when shipping, and some devices are operating under low load or temporarily shut down. On November 21, customs data showed that China exported 18,356 tons of EPS in October, an increase of 6.8% over September and 122% year-on-year.

The lack of good news on domestic EPS boosted the market, and it is expected that EPS prices in December will be mainly volatile and weak in China.


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