1, 19, although the cold weather curb US crude oil production and the situation in the Middle East is still unstable, but the market is not confident about the demand outlook, international oil prices fell. NYMEX crude oil futures 02 contract 73.41 was down $0.67 per barrel, or 0.90 percent. ICE crude oil futures 03 contract 78.56 was down $0.54 a barrel, or 0.68 percent. China INE crude oil futures main contract 2403 rose 6.6 to 560.2 yuan/barrel, the night rose 3.0 to 563.2 yuan/barrel.
2, 19, Asian styrene dollar market trading light, the day did not hear the price, participants are still wait-and-see performance. FOB Korea 1060-1070, average price +5; CFR China closed 1070-1080, the average price +5; 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 18, the data show that the styrene started 66.44%. Downstream equipment started: EPS in 56.11%; PS was 65.42%; ABS was 66.2%; UPR is 33%; SBR is 64.45%; 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 191.84 yuan/ton, the amplitude of +17.88%, the theoretical profit is good; In theory, the production and marketing profit of non-integrated device enterprises decreased by 8.4 yuan/ton, the loss margin increased by 2.36%, and the theoretical loss of production and marketing profit increased. Market news as the Spring Festival approaches, buying is based on the market, and procurement is cautious.
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Styrene information（20240122）
