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The styrene market shook up last week. The reasons for the price increase during the week are.

I. High external prices, which boosted the market in terms of sentiment and mindset.

Second, styrene producers unplanned shutdown / negative reduction, bringing a reduction in the supply side, the plate increased positions to the upside.

However, the current logistics and transportation continue to affect the flow of market sources, inhibiting the progress of demand recovery, limiting the extent of price increases. Prices rose to near 10,000 yuan in absolute terms, the transaction atmosphere turned weak.

It is expected that, with the shutdown of the styrene plant in Zhejiang Petrochemical, Shengteng, Lyster, and all regional enterprises have reduced the negative, the production of styrene country is expected to decline, the ring will fall 7.38%. Currently looking at the main port arrival is expected to be around 40,000 tons, the next cycle of exports or 0.9 million tons, the main port inventory is expected to fluctuate narrowly. On the demand side, EPS production is expected to increase this week, ABS is expected to decline, PS is expected to be stable, the relative change in demand is not significant; raw materials, pure benzene or weak lower, crude oil or weak adjustment, cost support or weakened. Industry insiders currently hold a shaky weak attitude to the market, by the market turnover atmosphere has turned weak, the impact of poor physical transport, confidence in the market for the time being affected, but the medium-term view of styrene fundamentals still have some support for the price. Styrene market is expected to oscillate at a high level this week.