October 11, East China port inventory rose to 86,800 tons, the highest since mid-June, the East China market affected by this, the market to discuss the decline in the center of gravity, but soon, due to the nineteenth and weather reasons, imports to the ship Reduce, coupled with the downstream delivery stability, port inventory fell back to 60,000 tons below the low.
With the weather improved, the closure of the closure of the Yangtze River, part of the early delay in cargo ships will come to Hong Kong, short-term port inventory or a narrow rebound, but according to the reservoir area and traders reflect the US ocean source arrival time basically delayed In mid-November, to a certain extent, reduce the impact of the cargo ship to Hong Kong, the port will still maintain a low level of inventory.
Factories are profitable Higher domestic supply is still sufficient
Early due to the convening of the nineteenth, due to environmental reasons, Dazhu styrene plant operating rate dropped to about 7 percent, Yanshan Petrochemical parking, Shandong Yuhuang two sets of equipment load are maintained at 5-6 into the domestic supply has come down. But the current profits of the styrene plant is still high, after the end of the 19, the early parking and down the refinery will be back to normal operation, and the fourth quarter only Xin Pu Chemical in November 6 to November 30 to prepare parking maintenance , Is expected to start the domestic styrene plant operating rate will remain high.
Demand surface lack of good and stable weak
After October, the northeastern and northeastern parts of the snowstorm, the local EPS began to enter the final stage, the dealer to maintain the wet storage, or even zero inventory operation, accompanied by the temperature drop later, EPS factory on the purchase of styrene or gradually reduced. The ABS / PS, the nineteenth session, the Beijing-Tianjin-Hebei and the surrounding part of the factory and downstream start limited, demand has shrunk, but by the downstream car and other industries to stimulate, is still expected to maintain a stable start.
On the whole, by the end of October to early November, the pressure on imports of styrene is not much, while the domestic refinery maintenance is not much, and high profits to stimulate the start is still high, domestic supply is slightly ample.In addition, Ethylene demand is expected to decline, but other downstream, such as ABS, PS performance is remarkable.Therefore, the late a few major changes in the downstream of styrene and procurement sustainability of the same concern.