Core Viewpoint - Styrene futures experienced a sharp decline, with the main contract dropping to a low of 6257.00 yuan and closing at 6321.00 yuan, reflecting a decrease of 1.02% [1] Group 1: Market Analysis - The supply and demand dynamics for styrene lack upward momentum, with high inventory levels and limited demand growth [3] - Recent maintenance of major production facilities, including Tianjin Bohua and Sinopec Quanzhou, has led to a decrease in styrene production and capacity utilization [2][3] - Downstream operating rates have generally decreased, contributing to a narrow decline in consumption of EPS, PS, and ABS [2] Group 2: Price Trends - Styrene prices are expected to stabilize after a period of decline, with current market conditions indicating a potential for price recovery [4] - The current inventory levels at ports are high, but there has been significant inventory reduction recently, which may support price stabilization [4] - The cost side shows that OPEC+ plans to pause production increases in Q1 next year, which may counteract bearish pressures from December production increases [2]
供需缺乏向上驱动 苯乙烯期货预计维持下降趋势
Jin Tou Wang·2025-11-05 08:06