1、 Price trend
According to the monitoring data of the business community, the average price of EPS common material was 11075 yuan / ton on March 8 at the beginning of this week, and 11050 yuan / ton on March 12 at the weekend, up 22.78% compared with the same period last year.
2、 Market analysis
At the beginning of the week, crude oil and other bulk commodities were strong, styrene was on the rise, crude oil and other bulk commodities in the middle of the week were significantly callback, styrene futures and spot were on the decline. As of March 11, Jiangsu styrene spot was about 9300 yuan / ton, down 375 yuan / ton or 3.88% compared with the closing price of 9675 yuan / ton on March 4.
After the styrene correction, the EPS ex factory price dropped sharply, the transaction of low price source was acceptable before the festival, the conflict of high price source was obvious, the recovery of terminal operation was not ideal, the merchants took delivery slowly, the inventory pressure of some EPS factories was obvious, and the overall transaction atmosphere of the market was not good. As of March 11, Jiangyin Jianlong’s ordinary materials had been delivered at 10900 yuan / ton, which was stable on a month on month basis, while its fuel had been delivered at 11200 yuan / ton, which was stable on a month on month basis. Some downstream parts of EPS have not yet returned to the market, and the downstream construction is slow to increase. In addition, the cost pressure is obvious, so the market demand is expected to increase slowly next week.
3、 Future forecast
East China’s main port inventory is expected to decline, the market is long short deadlock, styrene is expected to be stronger next week, EPS market is expected to be stronger next week.
| Thiourea |