March 27, 2023
According to the monitoring data of SunSirs, the average EPS price for ordinary materials at the beginning of the week was 9,600 RMB/ton, while the average EPS price for ordinary materials at the weekend was 9,550 RMB/ton, a decrease of 0.52%, and down 12.39% compared to the same period last year.
International oil prices fell, with NYMEX crude oil futures 04 contract falling 66.74 US dollars per barrel, down 1.61 US dollars per barrel or 2.36%; ICE oil futures 05 contract fell 72.97 US dollars per barrel, down 1.73 US dollars per barrel, or 2.32%. The price of styrene rose slightly, and the wait-and-see atmosphere in the EPS market remained unchanged, and the overall transaction atmosphere was poor.
The cost of EPS was on the negative side, coupled with limited terminal orders, the willingness of downstream to buy EPS was not good, and the overall transaction atmosphere was weak. The factory price of ordinary materials in Jiangsu was around 9,150-9,350 RMB/ton, and the fuel resistance was around 9,950-10,150 RMB/ton.
The wait-and-see atmosphere in the EPS market remained unchanged, and overall transaction performance was poor. It is expected that the domestic EPS market may be dominated by a narrow range consolidation trend.