1、 Price trend
According to the business news agency’s block data list, the average price of domestic hips on April 22 was 12883.33 yuan / ton, up 0.65% from the previous day and 0.84% from the beginning of the month.
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2、 Market analysis
High impact polystyrene, also known as hips, is a thermoplastic material made of elastomer modified polystyrene. The two-phase system composed of rubber phase and continuous polystyrene phase has developed into an important polymer commodity in the world. Because of its convenience and low cost, hips is widely used in many appliances and industries.
On April 22, the market of hips continued to rise, with a one-day rise rate of 0.65%, not much. Recently, the raw material styrene continued to rise, with a rise rate of nearly 10% in the month. The cost support gradually increased. In addition, some PS plants such as Jiangsu saibaolong and CITIC Guoan shut down and reduced production, and the supply in the yard was slightly tightened, which was a good signal for the upward trend of hips. However, the market was weak recently, which depressed the market sentiment, and the demand side followed up generally, so the upward trend was not large. As of the 22nd, The reference price of Ningbo Taihua 8250 was 12800 yuan / ton, which was the same as that of the previous day, Guangzhou Petrochemical 660 was 13100 yuan / ton, which was the same as that of the previous day, and Zhanjiang Zhongmei 990 was 12750 yuan / ton, which was 250 yuan / ton higher than that of the previous day.
product manufactor Brand Price (yuan / ton)
HIPS Ningbo Taihua eight thousand two hundred and fifty twelve thousand and eight hundred
HIPS Guangzhou Petrochemical six hundred and sixty thirteen thousand and one hundred
HIPS Zhanjiang Zhongmei nine hundred and ninety twelve thousand seven hundred and fifty
International crude oil market: on April 21, international oil prices continued to fall. The settlement price of the main contract in the US WTI crude oil futures market was US $61.35/barrel, down by US $1.32 or 2.1%. The settlement price of the main contract in Brent crude oil futures market was at US $65.32/barrel, down US $1.25 or 1.9%. The market was worried that the surge of new crown infection in India would hurt energy demand, and the US Energy Information Administration (EIA) report on Wednesday showed that US crude oil stocks rose unexpectedly last week.
In terms of raw materials, the reference price of styrene on April 21 was 9600.00, up 9.51% compared with that on April 1 (8766.67). The cost support of styrene was strong, the inventory was low, and the spot was tight, which pushed up the price. However, with the recovery of styrene price, the downstream acceptance of styrene declined, some markets began to conflict, the transaction volume decreased, and the terminal demand continued to be weak. Plant restart and new production capacity are expected to suppress styrene rising space.
3、 Future forecast
According to the business association, the rising prices of raw materials and the favorable maintenance of devices have helped the hips market to rise steadily. However, the demand side is generally followed up, and the receiving capacity needs to be improved. It is expected that the market will continue to rise slightly in the short term.
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