according to Plastic raw materials Reuters, Canada's largest crude oil exported to the United States pipeline Has been closed down, while the sharp rise in crude oil futures in Europe and the United States has now reached the highest price in nearly two years, the continued decline in US crude oil inventories also played a positive role in the market price of EPS.
Wednesday (November 22) On the New York Mercantile Exchange, West Texas Light Oil futures settled at $ 58.02 a barrel in January 2018, up 1.19 dollars from the previous trading day. London Intercontinental Exchange Brent crude 2018 January futures settlement price of 63.32 US dollars a barrel, compared with the previous trading day up 0.75 US dollars / barrel. Styrene Asia FOB Korea closing price rose 25 US dollars / ton to 1274-1275 US dollars / ton, CFR China rose 26 US dollars / Ton to 1303-1304 US dollars / ton; domestic Jiangsu market closed at 10600-10650 yuan / ton, up 200 yuan / ton.
Yesterday, most of the EPS business offerings are mainly stable, with the current demand of both North and South being declining, package Demand has increased significantly raw material Styrene market gains significantly, so the price side for the EPS price has played a strong support. Affected by short-term EPS prices or will be stable in the main upward trend, there is no lack of possibilities to continue to rise, looking around today quotations, Zhejiang , PRD market prices continued to rise, Chengdu, Chongqing, the prices continued to rise, the overall look today plastic Raw material EPS will show a slight upward trend.