SunSirs: Downstreams Demand Weakened, China EPS Price Weakened
June 15 2021 15:07:10 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of EPS ordinary material was 11,150 RMB/ ton at the beginning of last week, and 10,925 RMB/ ton at the weekend, with a price drop of 2.02% and an increase of 33.44% compared with the same period of this year.
The main port inventory of styrene in East China increased slightly, and the funds were short of the future market of styrene, and the decline of styrene was obvious. Styrene support weakened, the supply of some EPS brands was tight, the factory had no intention to yield profits substantially, the decline of EPS was less than that of styrene, wheat harvest, power rationing and other factors affected some downstream demand, and the overall transaction was poor within the week.
As of June 10, Jiangsu's common material was 10,600 RMB/ ton, down 400 RMB/ ton, or 3.64% on a month-on-month basis, and its fuel was 11,100 RMB/ ton, down 400 RMB/ ton, or 3.48% on a month-on-month basis.
On the demand side, with the end of power rationing in South China, peak load shifting in some parts of East China, and the impact of wheat harvest in North China, it is expected that the overall downstream construction may weaken, and China EPS market is expected to weaken slightly this week.
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