苯乙烯：新装置投产或施压价格延续弱势

Core Viewpoint - Styrene prices experienced a slight rebound after a decline, with the average closing price in Jiangsu market at 7325 yuan/ton as of August 6, reflecting a decrease of 75 yuan/ton or 1.01% from the previous week [1] Cost Analysis - The oil market has been under pressure with continuous negative news, leading to a decline in international oil prices, which fell by 8.67% as of August 6 compared to the previous Wednesday [1] - Pure benzene prices initially dropped but later increased, influenced by weak crude oil and futures market conditions, while a tightening supply in the north contributed to the price rise, with the average price in East China down by 20 yuan/ton as of August 6 [1] - The raw material sector lacks a unilateral driving force [1] Supply and Demand - Throughout the week, except for CNOOC Shell which faced production losses due to equipment issues, other facilities maintained stable production [1] - The main port in East China experienced reduced arrivals due to typhoon impacts, leading to a decrease in inventory, although market supply remains sufficient [1] - The output of the main downstream product, three S, is expected to see a slight increase, but the purchasing intentions at the beginning of the month remain low [1] - The supply and demand fundamentals continue to show weakness [1] Forecast - Styrene prices are expected to follow fluctuations in the bulk commodity market in the short term, with the raw material sector unlikely to show a clear direction [1] - The ongoing weak supply and demand fundamentals may be exacerbated by the commissioning of the Jingbo Sida Rui facility, which could further intensify supply-demand conflicts and pressure prices to remain weak [1]