Domestic styrene price high-frequency oscillation. The average price of the recent spot high-end transaction in Jiangsu is 10655 yuan / ton; the low-end transaction is 10440 yuan / ton; the spread between high and low end is 215 yuan / ton. Crude oil and raw material prices fell, styrene downstream production with reduced profits, poor demand negative market. However, corporate inventories and social stocks continue to be low, the concentration of supplies, holders of low levels of consciousness, with some replenishment transactions echoed, not a low rebound. Suppressed the spot price drop range, making styrene drop below the cost, production and sales of production enterprises favorable, production enterprises can operate to expand the space, and the recent decline in corporate prices slowed down, again reducing the rate of styrene drop. The current styrene market is dominated by high-frequency oscillation, the overall finishing slightly down, the decline is limited.

Demand side
PS: domestic PS market quotes finishing weaker, the price range in the 50-100 yuan / ton mostly. Recent styrene futures and spot spreads have widened. Field risk aversion aggravated, and Taihua, Chi Mei, Greenan Prime and other parking, production cuts, the impact of the start of the decline. Tight supply in the field, with a cautious attitude to follow the decline, the field trading stalemate. The impact of production cuts, industry inventory shrinkage.
EPS: domestic EPS prices rose first and then fell. EPS prices rebounded by the impact of styrene prices, EPS prices firm, but oil prices fell and styrene plummeted, EPS prices fell. The current market risk aversion is obvious, the business mentality wait-and-see, the overall turnover weakened.

The probability of a decline in the cost side is reduced, and there is room for rebound. With the restart of Qingdao Bay recovery, coupled with the profitability of styrene companies, production cuts to protect prices have been reduced, while styrene supply is expected to grow. A small increase in demand exists. Styrene companies and port inventories are low. And the current market spot is low in the short term, spot demand is hardly favorable fundamentals. Next week, the styrene market cost and supply and demand side of the game, is expected to East China market prices may be negotiated in 10300-10800 yuan / ton between the oscillation.

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