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    Home > Chemicals Industry > New Chemical Materials > Styrene shock rebound It is advisable to wait and see for the time being

    Styrene shock rebound It is advisable to wait and see for the time being

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of styrene EB2009 rebounded, and the futures price closed at 5793 yuan / ton, +94 yuan from the previous trading day; Volume 75466 lots, -10123; Position volume 113021 lots, -2726 lots, basis -343 yuan, -77 yuan; 9-1 spread - 252 yuan, +4 yuan
    .

    styrene

    News: Last week, the weekly output of the domestic PS industry was 53,500 tons, with an operating rate of 74.
    95%, down 0.
    38% month-on-month and 0.
    18%
    year-on-year.
    Domestic PS finished product inventory decreased, the current inventory was 51,500 tons, a decrease of 12.
    12% month-on-month and a year-on-year increase of 1.
    38%.

    The overall production is stable, and the high-end material delivery situation is better
    .

    Domestic EPS production last week was about 75,600 tons, an increase of 01,600 tons, or 2.
    16%.

    The inventory of domestic EPS sample enterprises was about 820000 tons, a decrease of 0010000 tons, or about 1.
    20%.

    The total output of the domestic ABS industry last week was 78,600 tons, unchanged
    from the previous month.
    The industry operating rate was 97.
    55%, unchanged
    from the previous month.
    Domestic ABS finished product inventory was 119,000 tons, down 05,000 tons, or 4.
    07%, and the output was stable, and the inventory fell back, showing that terminal demand is still rising
    .

    Spot market: Jiangsu market, electronic disk rises, futures spot opens high to test, temporary futures rise is greater than spot
    .
    Smell spot 5380/5440; June 5425/5460; July 5540/5580; August 5650/5680
    .
    : 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 79351 lots, -1007 lots, short positions are 83993 lots, -169 lots, net positions are -4642 lots, net short increases
    .

    Summary: The overseas epidemic has eased, the deregulation of many countries has boosted market confidence, and the extension of production cuts by major oil-producing countries has supported 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, social stocks of styrene remain at historically high levels, and the higher number of cargoes arriving this week may dampen its gains
    .

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