In the first half of 20 19, the price of styrene rose steadily, reaching a small peak around mid-June, and the price was around 90 16.67 yuan/ton, up 1 1.78% from the beginning of the year.
The domestic supply of styrene has been supplemented. Although the import volume in June 5438+ 10 decreased by1.5 ~ 20,000 tons compared with that in February 65438+, the domestic increase made up for the decrease in imports. The downstream demand of styrene is mainly concentrated in ABS and PS, and the operating rate of ABS/PS is improved, and the demand of styrene is strengthened.
By the end of February, domestic styrene stocks continued to rise, reaching a high level in recent years. Downstream, the operating rate of ABS/PS factory has not changed much. Driven by the rise of crude oil, ethylene and pure benzene, the cash flow of styrene industry was compressed, and the inventory of styrene raw materials in the factory increased slightly. EPS factory resumed work on October 20 19, and the big factory basically returned to the pre-holiday state.
On the other hand, after the Spring Festival, the port inventory kept rising for two weeks in a row. On February 20th, the total inventory of styrene in East China Port increased by 26,000 tons to 325,900 tons (excluding Taojian and China Resources Library). Based on three factors, domestic styrene prices continued to fall in late February.
Precautions:
1. From the upstream raw materials, there are many factors that affect the price, and the fluctuation of crude oil price is only one of them. Judging from the trend in recent years, the correlation between styrene price and crude oil price is 0.73.
2. As the direct raw materials of styrene, pure benzene and ethylene monomer mainly affect the production cost of styrene, and at the same time affect whether the device can be started normally.