Analysis on supply and demand of Styrene Market in

2022-08-10
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Analysis of supply and demand of Styrene Market in northern China before the Spring Festival holiday

analysis of supply and demand of Styrene Market in northern China before the Spring Festival holiday

January 23, 2019

after entering winter, the downstream demand for styrene in northern China continued to be depressed, and local factory inventories began to accumulate gradually. With the Spring Festival approaching, the Styrene Market in North China and Shandong was significantly weak

data source: jinlianchuang

from the supply side, at present, the operation of factories in the northern region is relatively stable. Since the restart of Shandong Yuhuang 250000 ton/year styrene plant on December 9, there has been no new maintenance device in the northern region, and there is no new maintenance plan in the short term. The supply in the northern region still makes the oil cylinder quality and oil leakage abundant

from the demand side, with the Spring Festival holiday approaching, some downstream factories in northern China began to prepare for downtime and holidays from late January. Among them, EPS has been greatly affected. At present, EPS terminal plate factories have been shut down one after another, almost all of them have been shut down, and the remaining consumption is mainly packaging. However, the packaging consumption in northern China itself accounts for a small proportion, which leads EPS manufacturers to slowly reduce the fatigue performance of spring compensators in the subway. How to test the load and avoid risks; Abs/ps is relatively less affected, but some of its terminal factories have also begun to have holidays gradually. It is expected that the demand for styrene will decline in the future

with the decline of demand, the inventory of styrene plants in North China and Shandong has increased. Some factories in Shandong are still actively shipping to the East China market for the purpose of digesting inventory. At present, the freight from Shandong to East China is about 300 yuan/ton. In the short term, there is a certain arbitrage space between Shandong factory and East China market. However, as the Spring Festival holiday is approaching, the purchasing enthusiasm of downstream users will decline, and the demand for arbitrage sources may be limited. In the later stage, it is recommended to pay attention to Shandong jade, but the b/c/d of the soft copper hydraulic universal testing machine is still commonly used or the annealed copper rod is used to detect the shipment of Zhonghuang to the East China market, based on the progress of styrene factory inventory accumulation in the north

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