1, 5, the situation in the Middle East is still likely to further escalate, the market worries about geopolitical instability or lead to increased supply risks, international oil prices rose. NYMEX crude oil futures 02 contract 73.81 up $1.62 / barrel, or 2.24%; ICE crude oil futures 03 contract 78.76 was up $1.17 a barrel or 1.51 percent. China INE crude oil futures main contract 2402 rose 0.8 to 553.1 yuan/barrel, up 8.1 to 561.2 yuan/barrel overnight.
2, 5, the Asian styrene dollar market trading is not good, although the price is slightly active in the afternoon, but the real single negotiation is limited, and because the conditions do not match, it is difficult to have further discussions. FOB Korea 1010-1020, average price -10; CFR China closed 1025-1035, average price -10, unit: USD/ton.
3, in the last cycle, the overall profit situation of styrene and the downstream of the main body is still poor, and the downstream of the main body of the demand side is mostly maintained. As of January 4 data, styrene started 72.73%. Downstream plant start-up: EPS at 47.59%; PS is 68.75%; ABS is 71.7%; UPR is 28%; SBR is 64.72%; Market performance rigid demand is still maintained, spot demand is still weak.
Core logic, weekly average data: in the last week, the theoretical integrated device enterprise production and marketing profit increased by 54.09 yuan/ton, the amplitude of 4.89%, the theoretical profit is good; In theory, the production and marketing profit of non-integrated device enterprises decreased by 145.83 yuan/ton, and the theoretical loss of production and marketing profit increased. Spot low supply and demand stalemate, buying is based on the market, procurement caution.

Styrene: The current news, crude oil or small rise, and the cost of shocks, styrene has some support. Styrene supply is expected to increase, while demand is strong just need to be weak spot expectations have no qualitative change, local short-distance arbitrage has been maintained, and the market has a stalemate with multiple single stock reduction. Styrene short-term market is expected to be slightly weak.

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