In June, the domestic market of propylene will be strong
In June, the domestic market of propylene will be strong
The former styrene market mentality is relatively disoriented, and the direction of the later period is unclear, especially after the near stage of frequent wide volatility, the motivation of the speculation is more rational.
Styrene after the second half may rebound quickly rushed high sustained high and volatile, many merchants holdings costs rise, at present, the terminal spot to maintain relatively concentrated pattern, and short term port stocks have further decline in space, short-term market or June is still expected to continue strong concussion pattern. As domestic shutdown devices begin to restart, domestic supply rising steadily, and affected by the wheat harvest season but the weather turned hot, part of the downstream of the terminal construction unavoidably affected by certain efforts to support or reduced demand for raw materials styrene, styrene market does not exclude the possibility shock callback.
Domestic butadiene prices are relatively low overall, and the overall profit of downstream manufacturers is still available, but because of the bearish expectations of the downstream synthetic rubber market, the market mentality is towed. Combined with the domestic butadiene market supply is relatively abundant, although fushun butadiene unit overhaul plan on June 1, parking, liao tong chemical no inventory pressure, but sinopec and ports have certain sources available, and parts manufacturer in shandong district butadiene export, market supply good support co., LTD. In the case of hot weather affecting transport and storage, it is expected that the domestic butadiene market will be tidying down next month.
ABS: hitting a bottom butadiene, styrene inventory a slight drop in short-term there is still space, short-term cost strong, long term below, enter the off-season, the downstream demand, ABS manufacturer inventory late or increase, some manufacturers save overhaul expectations, the market supply of goods have increased, the downstream market buying interest is relatively weak, expected short-term strength of the ABS market, trend lower.
PS: styrene inventory a slight drop in short-term there is still space, short-term costs strong, long term par, PS factory inventories, increase the market supply of goods, weak downstream demand, is expected to domestic PS market short-term strength, lower volatility.
In June, the market of propylene will be strong, the upstream raw material propylene will be weak and the cost face will be limited. In terms of supply, the qilu petrochemical plant was parked last week, and the remaining mainstream acrylonitrile plant was stable and the supply side was favorable for the market. On the demand side, domestic acrylonitrile market supply is tight, traders raise prices, short-term downstream terminal enterprises or will be cautious in buying, more demand to purchase, demand side light. It is expected that the market for acrylonitrile will be strong in June.
