1、 Price trend
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According to the bulk data list of business society, the average price of domestic hips on September 10 was 12133.33 yuan / ton, which was flat compared with the price of 12133.33 at the beginning of the week. The price rose or fell by 0% during the week and fell by 1.36% month on month.
2、 Market analysis
This week, the hiips market is up after falling, the price is fine tuned, and the market is generally stable. At the beginning of the week, the hips market decreased slightly, and the downstream purchase was negative. Near the weekend, driven by the rise of raw material prices, the hips market stopped falling and rebounded, and the market trading was still tepid. This week, the raw material styrene market rebounded strongly, but subject to weak demand, the market is mostly glued, the price fluctuation is less obvious, and the transparent benzene market continues to be stable. Up to now, the mainstream price of hips is mostly about 11700-14800 yuan / ton, and the price of benzene is mostly about 10600-11000 yuan / ton. The overall market is running stably temporarily.
In the international crude oil market, on September 10, the international oil price rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $69.72/barrel, up US $1.58 or 2.3%, and the settlement price of Brent crude oil futures was US $72.92/barrel, up US $1.47 or 2.1%. The hurricane led to the decline of oil and gas supply in the Gulf of Mexico. At present, it will take some time to recover. The tight supply in the United States led to the rise of oil prices.
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In terms of raw materials, crude oil has no clear direction, pure benzene tracks the price trend of styrene, and the cost support has weakened. The fundamentals of styrene itself are weak, the supply increases slightly, and the demand will continue the weak situation in the off-season without obvious increase. It is expected that the price of styrene will show a weak shock after correction in the later stage.
3、 Future forecast
The business society believes that the current strong rebound in raw material prices, coupled with the favorable supply side, the hips market rebounded and rose, but the demand follow-up is general, so some increases are restrained. It is expected that the hips market will rise steadily in the short term.
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