According to the bulk data monitoring of business society, the mainstream price of styrene in China rose in shock this week. On Monday (February 28), the price of the sample enterprises in the business community was 8980.00 yuan / ton, and on the weekend (March 3), the price of the sample enterprises was 9120.00 yuan / ton, an increase of 1.56%. Prices fell 29.2% over the same period last year.

The market price of styrene fluctuated and rose this week. On February 28, East China styrene closed near 9270 yuan / ton. On March 2, East China styrene closed at 9520 yuan / ton, which is the export price of Zhangjiagang. On February 28, South China styrene was quoted at 9350 yuan / ton. On March 2, South China styrene was quoted at 9550 yuan / ton. The above factory delivery price.

In terms of raw materials, oil prices continued to rise amid the spread of war in Ukraine. The market is expected that the sanctions imposed on Russia may lead to a large withdrawal of oil assets, and the shortage of crude oil supply is expected to further increase in the coming months. Driven by the sharp rise of pure benzene, ethylene also rose continuously, and the cost of styrene supported strongly. Pure benzene followed the strong rise of crude oil, the strong rise of pure benzene in the external market, the domestic price of pure benzene followed the rise, the market offer was active, the transaction volume was large, and the port inventory was basically stable. As of Thursday (March 3), the mainstream quotation was 8155.00 yuan / ton, up 225 yuan / ton or 2.84% from 7930.00 yuan / ton on Monday (February 28).

Downstream, the three downstream styrene rose or fell this week. The market price of PS fell this week, with an average price of 10300 yuan / ton.

The EPS market fell slightly. As of Thursday (March 3), the mainstream ex factory quotation of EPS in East China was 10675.00 yuan / ton, down 25 yuan / ton or 0.23% from 10700.00 yuan / ton on Monday (February 28). There is a strong wait-and-see mood in the market. Most of the business offers follow the decline slightly. It is expected that the short-term PS market may be adjusted in a narrow range.

The ABS market rose slightly. As of Thursday (March 3), the mainstream ex factory quotation of ABS in Zhejiang was 14150.00 yuan / ton, up 50 yuan / ton or 0.35% from 14100.00 yuan / ton on Monday. ABS fluctuated less this week, the market demand was general, and the market rose slightly.

International crude oil rose sharply, pure benzene also increased greatly, and the cost side gave strong support to styrene. At present, on the inventory side, the market supply is still abundant, the downstream is expected to maintain rigid demand, and the supply and demand side continues to be deadlocked. Styrene is likely to follow the trend of crude oil. On the whole, if the raw material level is strong or continues to rise next week, the styrene market will continue to consolidate and rise.