In the first half of the year, China's styrene output was 6.06 million tons, a year-on-year increase of 35%. The output is the highest in May and the lowest in February. In the first half of the year, 2.07 million tons of new devices were put into production. Although two new devices were put into operation in South China in March, the output in April did not increase significantly compared with that in March, mainly because the maintenance was concentrated in April, and the maintenance loss offset most of the increase in new devices. In June, the unscheduled maintenance of the device also increased, and the maintenance was also concentrated, so the output dropped significantly in June. In the second half of the year, more styrene production capacity was put into production, accounting for about 3.34 million tons, but most of it was concentrated in the fourth quarter. Although there are new production facilities downstream, the increase in demand is less than the increase in supply, and the production time is mostly after August. In the second half of the year, styrene overhaul devices are concentrated in10-165438+ 10, and the downstream traditional demand peak season is expected to be in the following August-165438+10. On the whole, it is expected that there will still be opportunities in the second half of the year in the case of mismatch between supply and demand of styrene. In addition, the third quarter or inflection point of international oil prices and the trend of commodities in the second half of the year are the biggest risk points in the styrene market forecast. Generally speaking, the styrene market in the second half of the year is still worth looking forward to.
1 and 202 1 styrene runs at a high level in the first half of the year. Although the production capacity increased by 210.4 million tons, the domestic and international maintenance was concentrated, the import volume decreased and the export volume increased. The overall supply increment is limited. Supported by tight supply and demand, strong cost side and good environment, the market price rose sharply year-on-year, and the overall profit level also increased significantly compared with the same period last year. Although there are more new production capacity in the second half of the year, the market can still expect it under the mismatch between supply and demand.
2. The three major downstream demands of styrene showed signs of recovery, and most of the early maintenance devices were restarted. In PS, the output is increasing. For EPS, the previous maintenance devices were restarted in July, and there was no maintenance plan in August. Considering that the new device is still in production, EPS output will increase greatly. For ABS, some overhaul devices were restarted in July, and some devices are planned to be restarted in the middle and late August, and ABS production is expected to pick up. In the later period, the demand for styrene in the downstream three places will continue to increase.