SunSirs: The Overall Market Improved, China EPS Prices Rose slightly
December 13 2021 15:06:55 SunSirs (Selena)
According to the monitoring data of SunSirs, the average quotation of EPS ordinary materials at the beginning of last week was 9,925 RMB/ ton, and the average price of EPS ordinary materials at the end of last week was 9,950 RMB/ ton, with a price increase of 0.25% and 2.58% compared with the same period of last year.
Narrow consolidation of domestic EPS market. The retaliatory rebound of crude oil led to the rise of pure benzene and the slight rise of styrene. The EPS price remained stable as a whole. Some dealers entered the market to fill the gap, and the overall transaction in the market improved. With the insufficient rise of styrene, the risk aversion and wait-and-see atmosphere of terminal merchants increased, and the overall transaction atmosphere fell.
As of December 9, the ordinary materials of Jiangsu sample enterprises were 9,300 RMB/ ton, which remained stable month on month, and the resistance fuel was 10,200 RMB/ ton, which remained stable month on month. In terms of cost, international crude oil may rise slightly, pure benzene may rise slightly, weekly supply and demand performance is in a state of slight surplus, and styrene or shock consolidation is expected next week.
China EPS market is expected to be slightly weak this week.
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