SunSirs: Cost Support, Overall Increase in China EPS Prices
July 24 2023 10:50:03 SunSirs (Selena)
According to monitoring data from SunSirs, the average quotation for EPS ordinary materials at the beginning of last week was 9,350 RMB/ton, and the average price for EPS ordinary materials at the end of last week was 9,400 RMB/ton, with a price increase of 0.53% and a decrease of 17.90% compared to the same period last year.
The price of EPS has been increased by 100-300 RMB/ton, the price of EPS ordinary material in the South China market is 9,150 RMB/ton, and the price of blocking fuel is 9,950 RMB/ton. The price of EPS ordinary material in the Jiangsu market is 8,900 RMB/ton, and the price of blocking fuel is 9,500 RMB/ton. The price of EPS ordinary material in the Shandong market is 8,750 RMB/ton, and the price of blocking fuel is 9,350 RMB/ton.
Crude oil fluctuates, styrene tends to rise strongly, and cost support is evident. However, the terminal profit is small, the market price conflicts obviously, the purchase follow-up is limited, and the overall transaction is weak. The market price reference of EPS ordinary materials in South China is about 9,000-9,100 RMB/ton (tax included).
Upstream cost support, downstream transactions are weak, and it is expected that the domestic EPS market may experience a narrow range of fluctuations.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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