Winter And Spring Break Styrene More Continuous Rise - Styrene, Organic - Chemical Industry

Recently, a continuous rise in international and domestic market of styrene

. Internationally, early in April Styrene FOB Korea closing 960 U.S. dollars (t value, the same below), compared with last month's 754 U.S. dollars over the same period rose 27%; China from early last month to 6,000 yuan up to early April of 8600 yuan a month rose 43%, and price continues. In Economy Yet to restore the larger environment, styrene much more spring break trend in winter, become Chemical industry One highlight of the market.

First, raw materials prices push higher styrene continuous. Internationally, after 1 to 2 month shock consolidation, the market gradually take the warm benzene, and has raised the price. International market price from early March Benzene FOB Korea's closing price of 405 U.S. dollars rose early in April of 590 U.S. dollars, up 43% on gains; the domestic front in early March and mid-benzene was stable up late twice the price of 600 yuan 4200 yuan monthly increase of 17%. Encourage enterprises to increase the cost of styrene has raised the price for promoting the styrene one of the reasons the market up.

Second, the styrene production to work on the formation of the abnormal market quickly pull up. As a result of Financial crisis Impact, not only in domestic but also foreign enterprises have reduced inventories to reduce funding pressures, and significantly reduced operating rates, resulting in market supply shortage, and promote the market's rapid rise. Among them, the Asian supply as Japan, Korea and other major enterprises start production of styrene is not normal, the supply gap, and with the U.S. and European markets rebound, led a modest rise in styrene; country including the North Jinxi petrochemical, Panjin Petrochemical, Daqing in the blue and other devices in the market fell sharply last year after the park for various reasons, other companies also started a half load, the overall domestic styrene plant starts is generally low, may sell stock to reduce the limited shipments, which is faster than the domestic and international winning streak The main reason the market.

Third, lower growth in consumer demand continued rising price. According to statistics, in March of this year's monthly digest downstream of the styrene content has reached 47 million tons, close to last season's consumption levels. Policy of stimulating domestic demand for paying off the domestic downstream ABS , PS , EPS market recovery, business start gradually enlarge and increase the demand for styrene. ABS producers and manufacturers to become a positive EPS to accept and digest the major downstream styrene. In addition, such as SBL, styrene acrylic emulsion such as rising prices for raw materials is also fundamental to a smooth digestion. And entered in April, lower demand for most products are in high season, low stocks in the portfolio company's circumstances, styrene demand will remain in good condition.

Styrene Plant Due to the recent full recovery will take some time, coupled with low domestic inventories of styrene, there are still gaps in the overall market supply, it is expected to continue during the rally. However, at present the majority of large enterprises to further purchases in the high enthusiasm decreased, and as Japan, Korea and Taiwan of China to further improve the operating rate of production enterprises, long-term stock is expected to increase imports, will hinder the market's move higher, then affect the domestic market rally continued. Supply and demand market may face two light, and gradually into the shrinkage order situation.

by: gaga

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