safecrackerslot| Styrene prices fluctuate and fall: weakening supply and demand expectations, impact of inventory removal and falling oil prices

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[Styrene prices have fluctuated downward due to multiple factors]

On May 16, styrene prices on the market this week appearedsafecrackerslotThere was a shock and decline. Due to the delay in the Federal Reserve's interest rate cut, it has exerted certain pressure on oil prices, while the market maintains a wait-and-see attitude towards demand during the peak travel season. International oil prices have also experienced a volatile downward trend this week. As of May 15, the closing price of Lent crude oil has dropped 0.0% compared with last Wednesday.safecrackerslot.99%。

In terms of pure benzene, the tight supply and demand pattern in the short term is still difficult to change, and its price remains strong. However, the market generally believes that the current valuation of pure benzene is too high, which weakens its influence on styrene to a certain extent.

From the perspective of supply and demand, the pickup situation at the main port in East China was better this week, and inventories continued to decrease. However, due to the need to queue up for picking up goods at the port, this limits the volume of spot transactions to a certain extent. On the production side, companies such as Shandong Lihuayi, Sinochem Quanzhou and Lianyungang Petrochemical are about to restart, and domestic supply is expected to increase. At the same time, as the peak production season for downstream terminals ends, there are also expectations of weakening on the demand side.

At present, the styrene industry is facing greater pressure of profit and loss, and both styrene and pure benzene are showing a strong trend in the near end, while expectations in the far moon are relatively weak. In the short term, it is expected that styrene prices may be repaired to some extent. As the supply capacity of styrene in the future improves, the expected logic of whether market transactions will continue to trade in the future is worthy of attention.