According to the latest statistics from the China Drying Network News market, “Petrochemical Heroes†also increased the price of styrene on August 17th. Among them, the northeastern branch of CNPC increased the ex-factory price of styrene by RMB 200 (t price, the same below). East China and South China were raised at the same time by 100 yuan. Subsequently, the market price of styrene increased to 10850 to 11,000 yuan, a short two-month increase of up to 20%. The industry believes that the market outlook for styrene will continue to fluctuate at a high level.
After Sinopec and Sinopec raised the price of styrene, the price of styrene in the outer disk also rose. Among them, South Korea rose 2 US dollars, rose to 1,425 US dollars; Europe rose 16.5 US dollars, rose to 1583 US dollars. Last weekend, the market price in South China reached 11150~11250 yuan.
The industry believes that the reason for the price rise of styrene is that multiple sets of devices were accidentally stopped or overhauled. For example, on August 12th, due to the leakage of the outlet pipe of the alkylator, the No. 1 and No. 2 styrene units of Formosa Plastics Co., Ltd. were planned to stop; On August 1st, the whole plant will be shut down for overhaul for about 40 days; Jinxi will be shut down and repaired from July 23 for 1.5 to 2 months; Sinopec will also start parking on August 15. Overhaul.
On the downstream side, the PS industry's rising expectations for petrochemicals have been continuously enhanced. Some of the holders of the goods have temporarily closed externally. Others have been reluctant to sell at low levels, causing the PS market to rise steadily; the quotes of EPS production companies have risen again, ranging from 100 to 200. yuan.
It is reported that at the beginning of 2012, the trade volume of domestic styrene East China Port was in the vicinity of 100,000 tons, and thereafter it continued to rise and reached the level of 140,000 to 150,000 tons in February. However, after June, the production and maintenance of domestic aromatics plants increased, and the operating rate of styrene plants gradually decreased, resulting in the entry of port stocks into degressive channels. At present, the port inventory has dropped for 10 consecutive weeks and has fallen to around 65,000 tons, which has fallen by 35% from the beginning of the year and dropped by 57.24% from the highest point in the year.
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