subject: Styrene Market At The Domestic Situation - The Chemical Industry - Bending Roll Machines [print this page] Supply of hot spots: the limited imports, port stocks fell to 59,800 tons
(2) demand for hot spots: The lower reaches of the centralized procurement stop
(3) other hot spots: Benzene stagflation, ethylene, power and cost of styrene is still strong
Aftermarket Forecast Supply: 1) stock in the port last week slightly dropped to 59,800 tons, of which part of the goods by the foreign bond, thus holding the port cargo concentration, scattered traders profit site has been basically cleared. 2) Jiangsu Li Shide Chemical industry Normal start, the normal supply contract. Changzhou East Hao chemical plant normal operation, the normal supply contract. Shanghai SECCO styrene plant start normal, stable supply contracts, did not hear spot Sell . 3), Jade North China's Shandong Chemical profit due to a recovery, starts remain high, a slight increase in market supply. Northwest Dushanzi bulk cargo on the East China have arrived to supplement the supply. 4) Northeast Asian benzene prices fell but accelerated ethylene, Naphtha Prices remain high, no significant changes in the cost of styrene production, start state to maintain. Profits can still be integrated device, not yet see signs of starting cut. Some devices in Taiwan has entered the maintenance season, the market supply will be gradually reduced. Inventory of suppliers from Japan and Korea were in the normal low level, there is no delivery pressure. Part of the manufacturer's maintenance based on a quarter of the loss is expected, a corresponding reduction in supply on the market, offer rare.
Needs: 1) downstream ABS , PS Start stable state of normal demand on the styrene, EPS industry sales resistance there, start some cut on bulk purchases of styrene slower pace. 2) Some small decline is expected to start lower on the styrene may buy a small amount of reduced turnover in the atmosphere will be hard to change one small flat, the atmosphere could make trading in the spot market continued dull. 3) the goods early profit taking, some speculative traders looking for entry, but the volatile external environment, and the downward adjustment of the price of styrene is limited, so most businesses remained hesitant to really enter the market are rare, but difficult to break during the temporary Market deadlock. 4) small traders quickly changed hands to maintain an active Jiancang are scarce, the overall scattered goods less interference limited role of market gains.
Costs: domestic benzene prices will remain high, but the shortage of state has been significantly improved, ethylene prices rose sharply, styrene was no reduction in production costs, non-integrated producers losses continue. Integration of production based on naphtha prices remaining profits, but on a quarter of the expected tight supply of styrene, its spot market sales scarce.
Is concluded that the styrene maintenance season is approaching, while maintaining a large downstream demand, supply and demand structure of styrene being healthy, cost-push a temporary weakness, but the supporting force remain, continue in a narrow range of market prices of styrene consolidation phase, expected short-term rise or limited, waiting for clear direction.
