1、 Price trend

According to the bulk data list of business society, the average price of domestic hips on August 13 was 12233.33 yuan / ton, down 1.34% from the beginning of the week, 2.39% from the beginning of the month and 2.91% month on month.

2、 Market analysis

This week, the raw material styrene fell on Monday, and the price stopped falling and rebounded in the middle of the week, but the cost support was insufficient. The hips market price continued to fall. The enterprise’s downward range was about 100-200 yuan / ton, and the downward range of benzene market price was small. At present, the demand in the off-season continues to be weak, and the actual transaction atmosphere is relatively flat. The cargo holders reduce prices and ship goods, while the transparent benzene market is supported by supply and has a certain resistance to decline. However, on the whole, the PS market is weak under the guidance of no obvious benefits. So far, the mainstream price of hips is mostly about 11900-12800 yuan / ton, and the price of benzene is mostly about 10550-11000 yuan / ton. The overall market price is down.

In the international crude oil market, on August 12, the international oil price fell slightly. The settlement price of the main contract in the US WTI crude oil futures market was US $69.09/barrel, down US $0.16, and the settlement price of the main contract in the Brent crude oil futures market was US $71.31/barrel, down US $0.13. Previously, the oil price rebounded sharply for two consecutive trading days due to the improvement of U.S. employment data and fuel demand. However, under the background of the accelerated spread of delta virus, the recovery of global oil demand is still dragged down, and the upward resistance of oil price is heavy.

In terms of raw materials, under the influence of the global epidemic, the prospect of crude oil demand is under pressure. Although pure benzene is supported, the profit point of styrene has been opened, and pure benzene can no longer guide the trend of styrene. The maintenance plan of styrene unit began to be implemented gradually in August, and the inventory fell slightly. The downstream will gradually transition to the peak season, and there are plans for new units to be put into operation. With the operating rate rising gradually, The demand for styrene will also increase slightly. On the whole, the supply and demand of styrene in the short term is better than expected, and the price of raw material pure benzene has stabilized, but there is still no strong support point for the rebound. It is expected that the trend of styrene in the short term will fluctuate and rebound.

3、 Future forecast

The business agency believes that the current off-season demand is poor, the actual transaction atmosphere is relatively light, the cost support is insufficient, and there is no obvious positive guidance in the market. It is expected that the hips market may continue to operate weakly in the short term.