下游需求维持在良好表现 苯乙烯短期内或偏强运行

Core Viewpoint - Styrene futures showed a strong performance, with the main contract reaching 6632.00 CNY/ton, reflecting a 1.80% increase [1] Production and Supply - From November 7 to 13, the overall production of styrene in China was 344,400 tons, representing a week-on-week increase of 3.45% [2] - The capacity utilization rate of factories was 69.25%, up by 2.31% compared to the previous week [2] - Domestic supply is expected to see only a slight increase, maintaining a tight balance between supply and demand [3] Market Position and Trading - As of November 19, the top 20 futures companies held a total of 327,300 long positions and 376,600 short positions, resulting in a long-to-short ratio of 0.87 [2] - The net position decreased by 22,330 contracts compared to the previous day, totaling -49,300 contracts [2] Price Trends - The average closing price in the Jiangsu market was 6560 CNY/ton as of November 19, marking an increase of 255 CNY/ton or 4.04% from November 12 [2] - The market is experiencing a bullish sentiment driven by news of potential increases in styrene exports and a reduction in port inventories [3] Future Outlook - The market is expected to continue observing high inventory pressures, with the potential for price recovery to facilitate inventory reduction [3] - The overall supply-demand structure is showing signs of improvement, although the sustainability of this trend requires ongoing monitoring [3]