SunSirs: Poor Demand, China EPS Price was Stable
November 15 2021 14:12:45 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of EPS ordinary materials at the beginning of last week was 11,000 RMB/ ton, and the average price of EPS ordinary materials at the weekend was 11,000 RMB/ ton. The price was stable, up 39.24% compared with the same period of the year.
Domestic EPS market prices fell. Last week, Zhongyuan oil soared and plummeted, pure benzene remained relatively stable, and styrene weakened slightly. The cost support was weak, the overall demand was insufficient, the EPS price fell, the overall transaction was poor, the overall supply was greatly reduced, and the domestic EPS trend was weak.
As of November 11, the ordinary materials of Jiangsu sample enterprises were 10,400 RMB/ ton, a month on month decrease of 300 RMB/ ton, a decrease of 2.80%, and the barrier fuel was 11,300 RMB/ ton, a month on month decrease of 300 RMB/ ton, a decrease of 2.59%. On the cost side, pure benzene and ethylene stabilized, styrene cost support was relatively stable, EPS demand weakened significantly, and styrene is expected to fluctuate slightly this week.
It is expected that China EPS market may finish in a narrow range this week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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