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After maintaining the stability of the market for nearly two months, EPS finally ushered in a rising trend in November.
As of November 16, the reference price of EPS in Jiangsu market was 10,600 yuan/ton, which was 9,800 yuan higher than last weekend's price.
Yuan / ton was increased by 800 yuan / ton, an increase of about 8.
16%
.
Figure 1 Trend chart of China's styrene market in 2019-2020
Recently, the upstream styrene market has maintained a high level, and the positive factors have strongly pushed up the price
.
Figure 2 The price trend of EPS common materials in Jiangsu from 2017 to 2020
It can be clearly seen from the price trend in the above picture that the EPS market continues to run high and has reached the highest level in 2020.
The current EPS price of ordinary materials in Jiangsu market is maintained at around 10,600 yuan/ton, an increase of nearly 1,000 yuan/ton from the previous week.
t
.
On the whole, with the high price of styrene in the upstream, the cost of single-line pulling is acceptable.
In addition, the domestic EPS inventory is still at a low level, and the pattern of supply and demand has not improved for the time being.
The favorable factors in the market are still sufficient.
In the later stage, we also need to pay attention to the trend of upstream styrene prices and downstream demand
.
