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EPS bearish factors flicker frequently, and polystyrene is hindered and declined

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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The recent domestic EPS trend can be described as ups and downs, one after another, after a long period of slumber, and finally ushered in the rise of the market price

Figure 1 2019-2020 China EPS market price trend in Jiangsu

As of November 24, the price of common materials in the Jiangsu market remained at around 10,400 yuan/ton, down 1,100 yuan/ton from last week's 11,500 yuan/ton, a drop of 9.

(1) The benefits of raw materials are limited, and the fall in prices weighs on market confidence

(2) The downstream market is insufficiently digested, and the demand support is weak

On the whole, with limited positive guidance on the upstream cost side and weak downstream demand support, there are still many bad news in the market, and most industry players are not in a good mood.

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