The hottest styrene in Asia was stable on the 17th
2022-08-24- Detail
On October 17, the domestic market atmosphere of styrene in Asia was still on the sidelines. On Wednesday (October 17), the price of styrene in Asia was stable and the transaction was normal. The domestic styrene market atmosphere was still on the sidelines, the enthusiasm of traders was not high, the Styrene Market weakened slightly in the afternoon, and the overall negotiation and transaction were limited
Asian market: on Tuesday, the closing price of styrene in Asia rose by $18/ton to close at 1360 5 US dollars/ton FOB Korea
No distortionEast China market: in the morning, the quotation of styrene in East China market was 12450 yuan/ton (from Zhangjiagang), and the intended negotiation price was yuan/ton (from Zhangjiagang). The atmosphere was still on the sidelines. In the afternoon, the mainstream quotation of styrene in East China market was yuan/ton, and the mainstream negotiation weakened until its technical conditions met the relevant provisions of gb513 but 7.1 standard, yuan/ton (out of tank in Zhangjiagang). The actual negotiation was not much, and the atmosphere was flat
South China market: in the morning, the mainstream price of styrene in South China market was delivered between yuan/ton, and some delivery prices were 12850 yuan/ton. Negotiations and transactions were limited. In the afternoon, the mainstream quotation of styrene in the South China market was mostly 12800 yuan/ton (delivered). When negotiating yuan for tensile test/ton (delivered), some sellers' mentality was shaken, and the actual delivery price was lowered, and the overall atmosphere was weak
influencing factors and market trend: crude oil and external prices remain high. Due to the still large domestic supply and weak downstream demand, the domestic styrene market atmosphere is still depressed. Market participants expect that the domestic styrene market atmosphere will be difficult to improve in the near future
note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content
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