Since May 25, styrene has begun to rise, with the price breaking through the 10000 yuan/ton mark and once reaching around 10500 yuan/ton. After the festival, styrene futures again rose sharply to 11000 yuan/ton mark, a new high since the listing.
spot market is not to be outdone, in the supply side of the obvious reduction and cost side of the strong support, the June 7 East China market styrene average price reached 10950 yuan/ton, a new year's high!
Styrene Price Trend Chart
from late May to today, domestic styrene factories have been scheduled to be overhauled continuously. Shandong Wanhua, Sinochem Quanzhou, Huatai Shengfu, Qingdao Bay and other units have stopped for overhaul during this period. Although Shandong Yuhuang and North Huajin resumed production during this period, overall maintenance is more than recovery, resulting in a gradual decline in the domestic styrene weekly capacity utilization rate., as of June 2, the capacity utilization rate has dropped to 69.02%, a new low in recent years, and there is still the possibility of further downside this week.
With the reduction of domestic styrene weekly capacity utilization rate, domestic styrene weekly production has decreased simultaneously, and factory inventory is also at a low level in recent years. Although the terminal demand is not good, while the styrene factory starts at the same time, the contract delivery is relatively normal. At present, it seems that the sales and inventory pressure is not great, giving some support to the rise in styrene prices.
, in addition to the benefits of the reduction in the supply side of styrene itself, the strong rise in raw material pure benzene has contributed to the rise of styrene to the high point of the year. Before 6 months, East China pure benzene continued to push up. As of June 7, East China pure benzene spot closed to 9990 yuan/ton, which is also the highest point since the beginning of the year.
East China Pure Benzene Market Price Trend
Recently, due to the arrival of the peak travel season in the United States, local toluene has entered gasoline components instead of disproportionation devices, and pure benzene production has declined. Downstream ethylbenzene and cumene can also be used for gasoline components, increasing consumption of pure benzene, so the price of US dollar pure benzene has risen sharply under the support of both supply and demand. Overlay domestic port inventory continues to be low down, falling to 48,000 tons, affected by import costs, is expected to short-term intra-port inventory to maintain low volatility.
Although the domestic pure benzene plant has been restarted, downstream construction continued to decline, but due to the high price of the external plate is strong, pure benzene is expected to be delivered volume is still rare, there are still traders actively buy up, driving East China pure benzene prices continue to rise.
In summary, strong cost support, superimposed styrene plant maintenance caused by supply reduction, good interweaving, styrene rose to the high point of the year, but downstream demand follow-up is not optimistic, inhibit styrene tracking cost-end upward trend, in addition to pay attention to styrene profit return, non-integrated plant to resume production willingness to increase, device changes.
12 kinds of plastic raw material market trend analysis.
PC: cautious continuation
the market around the high offer is still down, the low-end relative consolidation operation. Zhejiang Petrochemical bid for several rounds of price increases, up 500 yuan/ton from the same period last week. The market follows the market offer and is cautious in receiving goods. It is expected that the recent low-end market just need to trade narrow fluctuations, the high market continued to be weak.
The raw material MMA market has moved up in a narrow range, but the PMMA market demand has been mediocre. The market demand for PMMA is generally good. The upstream and downstream conditions are deadlocked, and the follow-up of actual orders is limited. It is expected that the short-term domestic PMMA particle market range operation, the East China market domestic particle reference 14500-16300 yuan/ton, the East China market import particle price in 14500-16500 yuan/ton, the later will pay more attention to raw materials and transactions.
futures volatility trend, the spot guidance is not strong. Most of the factory prices of production enterprises are stable, with traders mainly shipping with them, and the offer has not changed much compared with yesterday. Downstream factories just need to pick up goods mainly, the majority of firm offer negotiations, local low-price shipments are acceptable. expects that the domestic polypropylene market will continue to shake up the trend. Taking East China as an example, the wire drawing operation range is expected to be 8880-9000 yuan/ton.
PE market prices are mixed. North China Region Linear and High Pressure Individual Rise and Fall 50 yuan/Ton, Low Pressure Wire Pull and Film Material Individual Fall 50 yuan/Ton, Injection Molding Individual Fall 30 yuan/Ton; East China Region Linear Part Rise and Fall 50 yuan/Ton, High Pressure and Low Pressure Part Fall 50 yuan/Ton; Linear, high and low pressure in South China region rose and fell by 20-50 yuan/ton. Linear futures open low upward, some petrochemical to raise the ex-factory price, but the market player mentality is more cautious, traders offer a slower increase than yesterday, downstream factory procurement mode to use as the main, the spot market transaction atmosphere is general, the firm price focuses on negotiations. It is estimated that the domestic PE market may be mainly volatile, and the mainstream price of LLDPE is expected to be 8900-9300 yuan/ton.
ABS: Center of gravity moves down
lack of more downstream buying to follow up, the mainstream market trading atmosphere is flat, merchants follow the market operation. East China market prices are relatively firm, the transaction is not as good as the previous day, some buying wait-and-see sentiment increased. South China region part of the price narrow range shock, part of the high price negotiations are not smooth. Short-term waiting for more news guidance, ABS market or narrow plate finishing wait and see.
Raw material styrene high volatility, PS cost pressure is high, but the downstream follow-up willingness is insufficient, the cargo carrier shipping pressure is greater, some quotations fell slightly, but the overall high operation, trading in general. It is expected that the short-term domestic PS market will be deadlocked.
The domestic PVC market atmosphere is calm, the participants' mentality is acceptable, the futures are in a narrow range, the terminal digests inventory mainly, the purchasing enthusiasm is not good, and the mainstream market prices are basically stable. It is expected that today's PVC market will be dominated by horizontal consolidation, and the East China SG-5 price will be 8700-8850 yuan/ton.
EVA: horizontal finishing
terminal demand off-season, just need to enter the market to fill the position. Traders with the market offer, the firm deal focuses on the buyer and seller to negotiate. It is expected that the short-term EVA price will continue to consolidate, VA18 content foam or 23500-26500 yuan/ton.
Pure benzene market price is high, caprolactam cost support pressure increased, manufacturers offer high prices, downstream polymerization plant demand follow-up cautious and not much, on-site low-price sales, but high-price transactions still have resistance, there is no market wait-and-see mainly. It is expected that the short-term PA6 market is easy to rise and fall.
East China adipic acid market continued to support prices, factory listing upward, traders continue to follow up, the range of relatively cautious, market demand performance is more fragile, the focus of negotiations narrow up. It is expected that the short-term PA66 market will run downward.
the supply side, Longyu ex-factory price increased by 300 yuan/ton, cost support increased. The market is slow, some merchants have stocking behavior, and the trading space is still more flexible. Downstream demand continues to be weak, and transactions are difficult to follow up. It is expected that the short-term domestic POM market will rise in a narrow range.
spot prices of polyester raw materials were mixed, PTA closed up 245 to 7480 yuan/ton, MEG closed down 27.5 to 4972.5 yuan/ton, polymerization cost 8061.19 yuan/ton. Intraday polyester bottle tablets continued to rise pattern, market trading has picked up, but spot transactions are still mainly small orders. At present, crude oil shock adjustment, PX again strong, and PTA processing fees low, raw material end night plate or continue to be strong trend. It is expected that short-term polyester bottle tablets will continue to run strongly driven by the cost side.
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