Judging from the recent performance of the crude oil market, it can be said that it has triumphed all the way. Recently, the international oil price has continuously released four positive lines, breaking a new high. The sharp rise in crude oil prices is mainly influenced by the Iranian agreement. According to Bloomberg, some analysts predict that within a few months after the agreement is reached, Iran will be able to rapidly increase its crude oil exports from almost zero at present to about 2 million barrels per day. Iran's national oil company has been in contact with oil fields and old customers, looking forward to reaching an agreement. The rise in oil prices has become a high-expected goal. Affected by the surge in crude oil prices, the domestic energy and chemical sector has blossomed and the market has soared. Styrene took advantage of this and ushered in an explosion.
In terms of styrene supply, considering the relevant data, a large-scale plant in South China was unplanned to stop work on June 2 1 day, and the restart time was to be determined; The 250,000-ton/year plant in Huang Yu, Shandong Province is scheduled to be shut down and overhauled for 25 days before June 27th. Anhui Jiayu 350,000 tons/year is scheduled to restart at the end of June, Hebei Shengteng 80,000 tons/year and Changzhou Dong Hao 200,000 tons/year are scheduled to restart this week; Combined with the above, it is not difficult to see that the unplanned maintenance of equipment has increased, which has caused disturbance to the supply side and obvious price power.
In terms of pure benzene, the upstream pure benzene rebounded sharply, and the average spot price of pure benzene in East China rose from 7920 195 to 8020. The port continued to go to the warehouse and superimposed the negative parking factors of Sinopec and Sinochem Quanzhou driven by strong crude oil. At present, the processing cost of styrene has risen sharply, which directly leads to a strong supporting kinetic energy below the price of styrene and a strong rebound in the price of styrene.
In terms of downstream demand, relevant data show that as of June 18, the operating rate of EPS was 58%(-6%). On June 12-28, the EPS device in Lanshan Tunhe was overhauled, and the wheat harvest in the north of the dock was coming to an end, and the packaging demand in South China was weak, and the demand for EPS was weak. The operating rate of PS is 76.7 1%(0.67%). On June 22nd, when the 460,000-ton/year factory in citic guoan is shut down for maintenance, the PS operating rate will decrease. The operating rate of ABS is 93.69%(-3.68%), and Ningbo Taihua is 450,000 tons/year. June 2 1 maintenance. It is expected that the operating rate will continue to decline in the later period, and the demand for styrene will weaken when the terminal enters the off-season.