According to the monitoring data of SunSirs, the average price of EPS ordinary material was 11,450 RMB/ ton at the beginning of last week, and 11,250 RMB/ ton at the weekend, with a price drop of 1.75% and an increase of 42.18% compared with the same period last year.
China Domestic EPS trend weak callback. Affected by the decline of crude oil and other commodities, the weakness of pure benzene and ethylene led to the decline of styrene. Affected by factors such as limited electricity and profits, the terminal demand was insufficient, and the business purchasing remained just in demand. The overall transaction was poor.
As of May 27, Jiangsu's ordinary materials were 11,200 RMB/ ton, down 600 RMB/ ton, or 5.08% on a month on month basis, while the fuel resistance was 11,700 RMB/ ton, down 600 RMB/ ton, or 4.88% on a month on month basis.
The wait-and-see atmosphere of the EPS market in China is aggravating, and it is temporarily stabilized. The downstream businesses are just in need of purchasing positions, and the overall turnover is not large. It is expected that China EPS market will be shaken and callback this week.
