Styrene rose by nearly 400 yuan a week, and PS costs rose sharply! Overnight crude oil plunged 4%, PP rose or fell by 100 yuan, ABS fell by 150 yuan, and the market outlook was hard to say~
General materials will rise or fall in the market outlook, difficult to guess?
Styrene rose sharply yesterday, and many materials raised their quotations.
The average price chart of ABS and PS upstream monomer styrene market in the past week also shows that styrene has recently risen significantly.
From 8,570 yuan/ton on June 6, it rose sharply to 8,940 yuan/ton on June 12, and styrene rose by 370 yuan/ton in the past week!
It is understood that Hanwha Total's styrene plant is scheduled to be postponed until mid-July. According to market news, its contract supply in July has been halved. In addition, the inventory of domestic styrene factories is low, and the spot supply is tight. Some factories in East China have sold out in June. The inventory of East China ports continues to decline. The arrival of goods before the end of the month is still scarce, resulting in the scarcity of spot sales. The rally in recent months has been good, and the market demand for fill has supported the rise in styrene prices.
Its rally has also brought some positive support to downstream raw material PS.
PS Market Analysis
At present, the domestic PS market is volatile and rising slightly, merchants are actively pulling up, and the atmosphere of negotiation is acceptable.
The current PS market is affected by the high opening and high growth of raw material styrene, and the cost has risen sharply. Merchant offers are actively rising, and buying rigid demand for replenishment. However, crude oil has fallen sharply, the overall performance of commodities is not good, buying replenishment is slightly cautious, and on-site trading has improved slightly. However, factors such as pre-increase in inventory and weak demand may restrain the increase.
It is expected that the PS market may consolidate slightly in the near future, and there is no shortage of local small increases.
PP Market Analysis
The current PP market is narrowly sorted out, and some brands are slightly rising, with a daily increase of 20-100 yuan/ton and a daily decline of 10-100 yuan/ton.
The current PP market is slightly consolidated, futures low volatility has limited market guidance, some brands in some areas are tight, and some traders' quotations have risen slightly, but it is not enough to promote the entire market. Downstream demand has not improved significantly, and it is difficult to form a positive support on the demand side. Merchants are more flexible in shipping.
It is expected that the PP market will continue to fluctuate in the near future.
PP powder market
The current domestic PP powder market is generally stable.
At present, the mainstream market of PP powder is stable, the raw material propylene is stable, the PP futures are volatile and downward, and the cost support is insufficient. The offers of powder merchants remain stable, but the downstream receiving sentiment is cautious, and the market transaction is average.
It is expected that the PP powder market may consolidate in the near future.
ABS Market Analysis
The current domestic ABS market is basically stable, with some grades adjusted in a narrow range, with a daily rise and fall of 20-150 yuan/ton.
Recently, the ABS market has been stable and small, with upstream styrene prices rising. Merchants have the intention to raise prices. Some manufacturers have shipped well, but butadiene and acrylonitrile are weak, which is difficult to support the cost side. Downstream companies still rely on rigid demand. Market transactions have improved.
It is expected that the ABS market may be consolidated and operated in the near future, with a range of 50-100 yuan/ton.
ABS Upstream Dynamics
① Styrene: Yesterday, the styrene market was short and rising, prices continued to rise, and market offers continued to be high, but buying and chasing were cautious, and there were few transactions. It is expected that today's East China styrene market may continue to run strongly.
② Butadiene: Yesterday, the butadiene market was weak, dragged by the downward atmosphere in the north, and trading was limited. Although some merchants offered relatively strong bids, it was difficult to find support for the actual order. It is expected that today's butadiene market may continue to run weakly.
③ Acrylonitrile: Yesterday, the domestic acrylonitrile market was weak, downstream demand was weak, market buying was insufficient, long-term supply was expected to increase, and the bearish atmosphere was not reduced. It is expected that the acrylonitrile market will continue to operate at a low level today.
PE market analysis
The current domestic PE market has risen and fallen, with a daily rise and fall of 20-100 yuan/ton.
Most of the current domestic PE market prices are stable, futures are volatile and falling, spot offers have declined, and the market transaction atmosphere has also weakened. Due to the shortage of supply, individual sources in some regions have led to higher spot offers from their holders.
It is expected that the domestic PE market may fluctuate in a narrow range in the near future.
PE upstream dynamics
On the 11th, the Asian ethylene market price was stable, with CFR Northeast Asia quoted at $807-815/ton and CFR South East Asia at $717-725/ton.
PVC Market Analysis
The current PVC market situation is weak.
The current domestic PVC market price has been slightly adjusted, the transaction atmosphere is poor, the upstream increment is obvious, the downstream end point rigid demand buys, and the merchant's mentality is empty.
The PVC market is expected to weaken in the near future.
Upstream dynamics of PVC
On the 11th, the Asian ethylene market price was stable, with CFR Northeast Asia quoted at $807-815/ton and CFR South East Asia at $717-725/ton.
EVA Market Analysis
The current EVA market is temporarily stable.
The current EVA market cost support is limited, and downstream manufacturers are mainly on the sidelines, and the trading atmosphere on the floor is general.
It is expected that the EVA market will be weak in the near future.
EVA Upstream Dynamics
On the 11th, the Asian ethylene market price was stable, with CFR Northeast Asia quoted at $807-815/ton and CFR South East Asia at $717-725/ton.
