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The weakening of raw material styrene this week is difficult to support the EPS market, and the downstream waits and sees the trend of raw materials, and the EPS market quotation declines
.
In crude oil, crude oil prices fell
sharply this week.
U.
S.
crude futures edged higher on Friday, but the weekly chart still retreated sharply and held steady near its lowest level of the year as concerns of oversupply lingered
In the spot market, the domestic EPS market fell back on
Monday.
The quotation of ordinary material is 10400-10600 yuan / ton
.
On Tuesday, the domestic EPS market continued to fall by 50-200 yuan / ton, and the quotation of ordinary materials was 10300-10500 yuan / ton
.
The domestic EPS market traded sideways on Wednesday and Thursday
.
On Friday, EPS prices continued to fall by 100 yuan / ton, and ordinary materials were reported at 10200-10400 yuan / ton
.
In terms of equipment, Tianjin Dagu EPS has no offer for the time being, and the device is being stopped, and there is no clear driving plan
.
Jiangyin Haohua EPS device is stopped, and orders are not accepted at present
.
EPS market quotations are expected to continue to decline
as the styrene market continues to revise downward expectations.