Report Industry Investment Rating - Not provided in the content Core Viewpoints - At the beginning of the week, the inventories of pure benzene and styrene both increased. Styrene faced continuous high - inventory pressure, and pure benzene ended its previous slight destocking cycle. The arrival of pure benzene was concentrated, while the downstream开工率 of pure benzene decreased to varying degrees. The inventory pressure in the CPL - PA6 - nylon industry chain was still high, and there was also inventory pressure in the MDI of the aniline downstream. In the phenol industry chain, both bisphenol A and PC reduced their loads. For styrene, with high actual开工率 and large port arrival pressure, the implementation progress of EB maintenance plans in early September should be monitored. The port inventory is expected to peak, but if the styrene maintenance in September is implemented, it will also drag down the demand for pure benzene, so the single - side price will still fluctuate weakly. In the EB downstream, the开工率 of EPS and ABS decreased again, while the开工率 of PS continued to rise. The finished - product inventories of the three major hard plastics all increased to varying degrees, and the styrene production profit weakened again [3] Summary by Directory 1. Pure Benzene and EB's Basis Structure, Inter - period Spreads - The content includes figures such as the pure benzene main basis and the pure benzene main futures contract price, the pure benzene main contract basis, the pure benzene spot - M2 paper - cargo spread, the pure benzene continuous - one contract - continuous - three contract spread, the EB main contract trend & basis, the EB main contract basis, and the styrene continuous - one contract - continuous - three contract spread [9][12][18][21] 2. Pure Benzene and Styrene Production Profits, Internal and External Spreads - It involves figures like the naphtha processing fee, the difference between pure benzene FOB Korea and naphtha CFR Japan, the styrene non - integrated device production profit, the difference between pure benzene FOB US Gulf and pure benzene FOB Korea, the difference between pure benzene FOB US Gulf and CFR China, the difference between pure benzene FOB Rotterdam and CFR China, the pure benzene import profit, the styrene import profit, the difference between styrene FOB US Gulf and CFR China, and the difference between styrene FOB Rotterdam and CFR China [23][26][32][36][37] 3. Pure Benzene and Styrene Inventories, Operating Rates - The figures include the pure benzene East China port inventory, the pure benzene operating rate, the styrene East China port inventory, the styrene operating rate, the styrene East China commercial inventory, and the styrene factory inventory [41][43][46] 4. Styrene Downstream Operating Rates and Production Profits - It contains figures such as the EPS operating rate, the EPS production profit, the PS operating rate, the PS production profit, the ABS operating rate, and the ABS production profit [52][54][57] 5. Pure Benzene Downstream Operating Rates and Production Profits - The relevant figures are the caprolactam operating rate, the phenol - ketone operating rate, the aniline operating rate, the adipic acid operating rate, the caprolactam production gross profit, the phenol - ketone production gross profit, the aniline production gross profit, the adipic acid production gross profit, the PA6 regular - spinning bright production gross profit, the nylon filament production gross profit, the bisphenol A production gross profit, the PC production gross profit, the epoxy resin E - 51 production gross profit, the pure MDI production gross profit, and the polymer MDI production gross profit [62][66][73][75][86][87]
纯苯苯乙烯日报:纯苯及苯乙烯库存均有所上升-20250902
Hua Tai Qi Huo·2025-09-02 05:41