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The domestic styrene market has risen sharply from a high level, the delivery is approaching, the spot is lacking, the holders are reluctant to sell, and the long-term funds continue to significantly increase the market price
.
Since September, the arrival of imported cargoes has decreased.
In October, the inventory of East China ports has entered a downward channel.
Since October to early November, the volume has dropped continuously.
The arrivals to the port are relatively small and the downstream demand has remained strong.
According to statistics, the East China port inventory has been in the National Day.
The previous 267,000 tons fell to around 110,000 tons, a drop of 58%, which greatly encouraged long-term funds to continue to enter the market to drive the spot up space
.
Since September, the arrival of imported cargoes has decreased.
The spot price in East China rose 85% from 5,400 yuan/ton before the National Day to 10,000 yuan/ton.
The basis of futures and spot goods also strengthened to 1,500+.
The spot price was significantly ahead of the futures price, and the pattern of tight spot supply continued
.
Due to the sharp rise of the styrene spot, the profits of styrene production enterprises are huge, and the profits of the downstream ABS, PS and EPS industry chains are redistributed, and the downstream products with larger profits in the early stage have been squeezed.
In addition to ABS, PS and The profit value of EPS has been significantly affected, PS is on the verge of profit and loss, and EPS still maintains a certain profit
.
Due to the sharp rise of the styrene spot, the profits of styrene production enterprises are huge, and the profits of the downstream ABS, PS and EPS industry chains are redistributed, and the downstream products with larger profits in the early stage have been squeezed.
The strong driving force that guides the upward trend of styrene The change in inventory has become the key point of current attention.
On the whole, it has experienced a sharp rise, and the rise of styrene has accelerated recently, and the increase is too large.
