1、 Price trend
According to the monitoring data of the business community, the average price of EPS ordinary material was 10800 yuan / ton at the beginning of this week, and 10800 yuan / ton at the weekend, which was stable, up 33.33% compared with the same period of this year.
2、 Market analysis
At present, the domestic EPS market fluctuates slightly, and the overall price is stable. Crude oil rose first and then fell, supported by pure benzene price, styrene rose slightly. The central bank’s RRR reduction led to the strengthening of styrene night market. Some terminals entered the market for replenishment at the weekend. In addition, styrene stopped falling and rebounded, and some markets increased volume again. The overall turnover increased month on month in the week.
As of July 15, Jiangsu’s common material was 10600 yuan / ton, stable on a month on month basis, while the resistance fuel was 11100 yuan / ton, stable on a month on month basis. On the supply side, some parking EPS devices may restart next week, and the production is expected to increase slightly next week.
3、 Future forecast
On the cost side, crude oil storage and production increase expectations, macro support or weakening, plus pure benzene or loosening, hard glue demand off-season, demand side, household appliances demand is difficult to improve significantly, insulation wall demand is general, EPS market is expected to weaken slightly next week.
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