1、 Price trend
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According to the bulk data list of business society, on July 22, the average price of domestic hips was 12533.33 yuan / ton, down 0.53% from the beginning of the week and 0.53% from the beginning of the month.
2、 Market analysis
This week, the price of raw material styrene fluctuated, but the market weakened, the cost support was general, coupled with the general demand in the off-season, the hips shipment was poor, the offer of the cargo holder was loose, and there was room for negotiation. At the same time, the early maintenance device was closed, the supply increased, and mixed with bad and bad, the hips price weakened, the benzene inventory was low, and the price was strong. On the whole, the PS market was stable and weak. Up to now, the mainstream price of hips is mostly about 12300-14800 yuan / ton, and the price of benzene is mostly about 10600-11000 yuan / ton. The overall market is stable and partially adjusted.
In the international crude oil market, on July 21, the international oil price rose sharply. The settlement price of the main contract in the U.S. WTI crude oil futures market was reported as $70.32/barrel, up $3.12 or 4.64%, and the settlement price of the main contract in Brent crude oil futures market was reported as $72.23/barrel, up $2.88 or 4.20%. Although US commercial crude oil inventories increased for the first time in eight weeks, market risk index preference improved and oil prices rebounded sharply.
In terms of raw materials, the price of styrene has been lowered recently. The rebound correction after the sharp decline of crude oil and futures, and the cost support still exists. The inventory of domestic enterprises is low and some production is reduced, but new units are put into operation and maintenance units are restored one after another. It is expected that the supply will pick up in the future. The port inventory is low, and some shipments will be delayed next week. If the delivery remains, it is expected to go to the warehouse next week. On the downstream side, the terminal demand was off-season, and the demand for styrene was maintained. At the end of the month, there was a more active replenishment transaction in the bargain hunting market..
3、 Future forecast
The business agency believes that the current off-season demand is limited, there is a certain pressure on enterprise shipments, the offer is loose, and the cost support is general. It is expected that the hips market will be stable and weak in the short term.
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