1、 Price trend
According to the business news agency’s block data list, the average price of domestic hips on May 19 was 13933.33 yuan / ton, down 0.48% from the previous day, up 7.79% from the beginning of the month, and up 9.77% from April 1.
2、 Market analysis
On May 19, the styrene market as a whole weakened slightly, driving the price trend of hips market. However, the price fluctuation was not big. The traders gave up profits to ship, the center of gravity moved down, and there was some pressure on sales. At present, the cost support is still in the market, but the demand side is not so good. Most of the downstream companies just need to purchase, and start from bargain hunting. The market transaction atmosphere is not good, and the short-term market is glued to the whole. Up to now, the mainstream price of hips is about 13650-14100 yuan / ton, Guangzhou Petrochemical 660 reference price is 14000 yuan / ton, Zhanjiang Zhongmei 990 reference price is 13700 yuan / ton, Shanghai Secco 622 reference price is 14100 yuan / ton, CITIC Guoan 688 reference price is 13650 yuan / ton, the overall market is stable.
In the international crude oil market, on May 18, the international oil price closed down. The settlement price of the main contract in the US WTI crude oil futures market was US $65.49/barrel, down by US $0.78 or 1.2%. The settlement price of the main contract in Brent crude oil futures market was at US $68.71/barrel, down US $0.75 or 1.1%. On Tuesday, media reported that the United States and Iran had made progress in restarting the Iran nuclear agreement, and the expected increase in supply made the oil price fall.
In terms of raw materials, on May 19, the styrene market as a whole declined slightly. Crude oil fell, while benzene and ethylene fell. Night market styrene weakness falls, has the suppression to the day opening. Although the supply of domestic styrene has increased, the inventory of the spot terminal is low, and the spot supply is tight. In the downstream, the three downstream prices are temporarily stable, and the demand is still low. However, the profit of the factory turns better, the demand for purchasing just needs increases, and the market is short of gas. To sum up, the cost of styrene is well supported. In the short term, the terminal will continue to go to the warehouse, and the inventory will remain low. The volume of tradable trade will be small, and the downstream demand will be temporarily stable. It is expected that the styrene market will still be in the shock consolidation stage after the rapid rise and fall in the short term.
3、 Future forecast
The business community believes that the current weakness of raw materials, coupled with the limited ability to receive goods downstream, and the lack of high price transaction, the hips market has declined slightly, but the cost support is still in place. Therefore, it is not easy for hips to fall deeply. The short-term market is stuck, and the price may decline steadily.
| Thiourea |