1、 Price trend
According to the bulk data list of business society, the average domestic hips price on June 30 was 12533.33 yuan / ton, down from 13233.33 yuan / ton price at the beginning of the month, with a decrease of 5.29% in the month, and the average price of hips on July 5 was 12600 yuan / T, down 2.83% on a month-on-month basis.
2、 Market analysis
In June, hips market prices continued to decline, only in the end of the month there was a small rebound operation, the market weak operation dominated. In June, demand was light, raw styrene was volatile, cost side support fell, and affected by power limit in some regions. Some regions were affected by the trading and investment. Hips prices continued to decline. Near the end of the month, raw styrene rebounded and rose, driving the price of hips to rise. On July 5, hips market remained stable and rose sporadically. At present, the cost side support is still available, but the shipping situation is relatively general, the sales pressure of the enterprise increases, the mentality of the enterprise is negative, and the price fluctuation is limited. At present, the supply of CITIC Guoan equipment overhaul may be reduced, but the downstream demand is not enough to boost. The market of hips is mainly consolidation under the pull of supply and demand. Up to now, the mainstream price of hips is about 12400-15300 yuan / ton, the mainstream price of GPPS is about 10500-11000 yuan / ton, and the overall price fluctuation of PS market is not large.
International crude oil market, on July 2, the international oil price was not changed much. The settlement price of the main contract in the WTI crude oil futures market in the United States was USD 75.16/barrel, down slightly by 0.07 dollars. Brent crude oil futures market main contract settlement price at 76.16 US dollars / barrel, up 0.38 US dollars or 0.5%. OPEC + resumed supply policy talks Friday, with some of the remaining members still unresolved and oil prices fluctuated slightly.
In terms of raw materials, the end price of styrene is 9125 yuan / ton, down from the price of 9666.66 yuan / ton at the beginning of the month, and 5.6% in the month. On July 5, the reference price of styrene was 9612.50, up 3.78% compared with 9262.50 on July 1. The supply of pure benzene will be eased in July, and the high level of pure benzene is expected to be reversed. In the early stage, the restart of styrene short stop unit and production of Gulei Petrochemical have picked up, while demand will continue to be weak in the off-season, and the price fluctuation of styrene is expected to be weak in the later period.
3、 Post market forecast
According to the business agency, in July, the raw styrene fluctuated strongly, and the hips market fluctuated with it. However, the demand in the downstream of the off-season was limited, which was insufficient to boost the market. Under the pull of supply and demand, it is expected that the market of hips will be mainly consolidation and the price fluctuates slightly.
| Thiourea |