According to the monitoring data of SunSirs, the average price of EPS ordinary materials at the beginning of last week was 10,350 RMB/ ton, and the average price of EPS ordinary materials at the weekend was 10,400 RMB/ ton, with a price increase of 0.48% and 29.80% compared with the same period of the year.
The domestic EPS market rose in narrow session. Pure benzene was strongly supported, styrene stopped falling and rose, and the cost side was well supported. At the beginning of the week, the discussion atmosphere in the EPS market improved, and some merchants bought in an appropriate amount. After the middle of the week, the rise of styrene was slightly weak, the terminal chasing up tended to be cautious, the transaction weakened, and the overall transaction in the week was general.
Jiangsu ordinary materials were 10,000 RMB/ ton, with a month on month increase of 100 RMB/ ton, or 1.01%, and blocking fuel was 10,600 RMB/ ton, with a month on month increase of 100 RMB/ ton, or 0.95%.
Some short-term shutdown devices on the supply side may resume production recently, and the output is expected to increase slightly this week. It is expected that China EPS market may fluctuate in a narrow range this week.
