Supply and Demand - As of November 20, the overall production of styrene was 342,900 tons, a decrease of 1,500 tons, with an operating rate of 68.95%, down by 0.3% [3] - As of November 24, the total port inventory of styrene in Jiangsu was 164,200 tons, an increase of 15,900 tons compared to the previous period; the commodity inventory was 94,200 tons, an increase of 6,900 tons [3] - As of November 20, the capacity utilization rates for downstream products were 56.27% for EPS (up 4.64%), 55.90% for PS (up 0.5%), and 72.4% for ABS (up 0.6%) [3] Profitability - As of November 26, the profit for non-integrated styrene units was approximately 69 yuan per ton [2] Market Outlook - With the recovery of styrene profits, some factories are increasing their load, but there are also some units undergoing maintenance, leading to limited overall supply [4] - Some downstream sectors are facing pressure from high finished product inventories and compressed profits, indicating limited demand support [4] - Although short-term expectations for styrene supply and demand have improved, the rebound potential is constrained by weakened demand expectations and weak cost support, with limited overall driving force [4] - Future attention will be on changes in styrene units and actual export transaction conditions, with short-term EB01 expected to experience fluctuations [4]
苯乙烯：供需预期好转且意外检修增加 但反弹受限
Jin Tou Wang·2025-11-27 02:11