 Home > Chemicals Industry > New Chemical Materials > Styrene opens high and goes low Pay attention to the support below

Styrene opens high and goes low Pay attention to the support below

 Last Update: 2022-12-18
 Source: Internet
 Author: User

Tags

platinum spot price

warehouse ladder

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On Wednesday, the main contract of styrene EB2009 opened higher and lower, and the futures price closed at 5768 yuan / ton, +33 yuan from the previous trading day; Volume 65602 lots, -9864; position volume 113420 lots, +399 lots, basis -318 yuan, +25 yuan; 9-1 spread - 254 yuan, -2 yuan
.

styrene

NEWS: IN MID-TO-LATE JUNE, THERE ARE STILL THREE PURE BENZENE SHIPS ARRIVING IN CHINA, THEIR NAMES ARE ARDOMORE CHIPPEWA ARRIVED AT THE PORT ON JUNE 17, ARRIVING 6,000 TONS; CRUNE HELLOS ARRIVED ON JUNE 22 WITH 3,000 TONS OF CARGO; WOO GEUM arrived on June 27 and arrived 3,000 tons
.

Spot market: Jiangsu market, crude oil, electronic market closed higher, supporting the mentality of merchants, but the trend after the opening was weak, and the spot opened slightly higher and then narrowed again
.
Smell spot 5400/5470; June 5450/5500; July 5570/5620; August 5670/5720
.
: yuan/ton
.

Warehouse receipt inventory: Exchange warehouse receipts reported 1198 lots, today -0 lots
.

Main position: The top 20 long positions in the main contract are 79646 lots, +295 lots, short positions are 86411 lots, +2418 lots, and the net position is -6765 lots, with net shorting increasing
.

Summary: The easing of the overseas epidemic has boosted market confidence, EIA has raised crude oil demand, and major oil producers have actively implemented production reduction agreements to support
the market.
Fundamentally, crude oil trend is firm, in May, the production of styrene downstream products has rebounded month-on-month, and styrene social inventories have fallen to support
prices.
However, the social inventory of styrene is still in the historically high area, and the larger arrival of cargo in the later period may suppress its growth
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.