In the first half of 2018, the supply of low-end materials in domestic PS enterprises increased, which dragged down the profitability of PS enterprises to a certain extent. The start-up and production of domestic PS enterprises in the first six months of January 1818 have been improved to some extent. About 78%, higher than 70% in the same period of last year; the cumulative output of domestic PS in the first half of the year was 1,298,600 tons, higher than the 1,667,800 tons in the same period last year.
The increase in production started mainly due to the increase in the production line of CITIC Guoan since the second half of 2017 and the restart of Green Anqing Peak in March 2017. It was restarted in March 2018. Due to the increase in supply of low-end materials, Intensifying market competition pressure, coupled with the plunging and plunging of styrene, makes it difficult for PS companies to pass on cost pressures, and in the external environment, the export of downstream products is blocked, and the pressure on manufacturers is increasing, leading to the theoretical profit level of domestic PS companies in the first half of 2018. decline.
From January to June 2018, the average average profit level of domestic PS companies was around 346 yuan / ton, down from 511 yuan / ton in the same period last year.
In the second half of the year, there were no new devices in the domestic PS, and the existing PS companies could adjust the starting load according to the orders in time. However, with the increase of low-end materials in 2018, the profitability of the enterprises in the second half of the year is unlikely to increase significantly.