能源化工周报：苯乙烯-20250818

Report Overview - Report Title: Energy and Chemical Weekly - Styrene - Report Date: August 18, 2025 - Researcher: Lan Xue [3] - Reviewer: Tang Yun [3] 1. Report Industry Investment Rating - No information provided 2. Core View - This week, the macro sentiment cooled down, and styrene weakened and pulled back synchronously. The cost-side crude oil rose continuously, but negative news in the oil market was continuously released, causing international oil prices to fall continuously. Meanwhile, the inventory at East China ports remained high. The fundamentals of styrene remained weak, and new plants were expected to be put into operation in August, with the supply-demand trend expected to be loose [6] 3. Summary by Directory Supply - EB production enterprise operating rate was 78.18%, with a month-on-month increase of 0.45%; EB weekly output was 369,100 tons, with a month-on-month increase of 2.76% [9] Demand - The weighted operating rate of the three major downstream industries was 60.37%, with a month-on-month increase of 7.32%; the weighted inventory of the three major downstream industries was 86,800 tons, with a month-on-month decrease of 1.97% [9] Inventory - This week, the EB inventory at East China factories was 208,700 tons, with a month-on-month decrease of 1.30%; the inventory at East China ports was 148,800 tons, with a month-on-month decrease of 6.42% [9] Upstream and Cost - No specific content other than data charts was provided Price and Profit - This week, the spot price of pure benzene decreased by 0.57% month-on-month to 6,100 yuan/ton; the spot price of styrene decreased by 0.88% month-on-month to 7,280 yuan/ton [9] Basis and Spread - The basis was 40; the (10 - 11) spread was -22 [9]