1、 Price trend
According to the bulk data list of business society, the average price of domestic hips on October 18 was 12900.00 yuan / ton, up 166.67 yuan / ton compared with 12733.33 at the beginning of the week, up 1.31% during the week and 4.31% compared with the beginning of the month
2、 Market analysis
After the National Day holiday, the hiips market continued to rise. The increase last week was not large, while the increase in the benzene market was more obvious. The main raw materials for this round of price rise are due to the first rise and then fall of styrene market price and narrow range shock. In addition, the market supply is slightly tightened, and the cargo holders increase their offer in line with the trend. At the beginning of the week, hips held steady after rising, but the driving force for continuous rise is insufficient. There are signs of decline at the weekend. The industry has a strong wait-and-see mood, and the actual trading is tepid. Up to now, the mainstream price of hips is mostly about 12500-15000 yuan / ton, and the price of benzene is mostly 11600-12000 yuan / ton. The overall market of PS is rising steadily.
In the international crude oil market, on October 15, the international oil price rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $82.28/barrel, an increase of US $0.97 or 1.19%, and the settlement price of Brent crude oil futures was US $84.86/barrel, an increase of US $0.86 or 1.02%. Boosted by the expectation of market supply shortage, the relaxation of epidemic related restrictions stimulated demand growth, and the oil price continued to rise moderately.
In terms of raw materials, the market price of styrene first rose and then fell this week. At present, it fluctuates in a narrow range. On October 8, the quotation of styrene in Shandong was around 9400-9450 yuan / ton, and on October 14, it was around 9800-10200 yuan / ton, up 400-650 yuan / ton. During the week, the price of styrene continued to rise, driven by the continuous rise of crude oil, the general rise of bulk commodities and the rise of pure benzene, which slightly repaired the profit of styrene production.
3、 Future forecast
The business society believes that the current price of raw material styrene fluctuates, the industry has a strong wait-and-see mood, and the trading atmosphere is tepid. Hips is expected to adjust narrowly with the price trend of raw materials in the short term.