Group 1 - The domestic futures market for energy and chemicals showed mixed results, with styrene futures experiencing a strong upward trend, closing at a price of 7651.00 CNY/ton and reaching a high of 7876.00 CNY/ton, reflecting a 2.07% increase [1] - Styrene's market is currently exhibiting a strong performance, with institutions noting that the non-integrated profit margins are at a neutral to high level, indicating limited upward valuation space [2] - The supply side is characterized by a decrease in domestic supply despite some production resumption, while downstream demand is stabilizing with a slight decline as the pre-Spring Festival stocking period comes to an end, suggesting short-term price pressure [2] Group 2 - Recent operational issues in the North China region have led to a decrease in styrene production and capacity utilization rates, while downstream consumption of EPS, PS, and ABS has shown a month-on-month increase [3] - As the Spring Festival approaches, styrene inventories are entering a seasonal accumulation phase, but current inventory pressure remains manageable [3] - The cost side is supported by geopolitical tensions and adverse weather conditions in the U.S., which have contributed to a significant increase in international oil prices, with short-term styrene prices expected to fluctuate within a range of 7470-7720 CNY/ton [3]
临近春节备货周期近尾声 苯乙烯短期存一定压力
Jin Tou Wang·2026-01-28 07:59