瑞达期货苯乙烯产业日报-20260114

Report Industry Investment Rating - No relevant content provided Core View of the Report - The spot supply - demand tight - balance state is expected to continue, providing some support to prices. Due to the weak cost and strong spot, non - integrated plants turned from loss to profit last week, and the profitability of integrated plants expanded. In the short term, EB2602 is expected to oscillate strongly [2] Summary by Relevant Catalogues Futures Market - The closing price of the active contract of styrene futures was 7116 yuan/ton, up 88 yuan; the 3 - month contract closing price was 7179 yuan/ton, down 4485 yuan; the trading volume was 9176; the position of the top 20 long orders was not provided with a change value; the net long position of the top 20 was - 40314 hands, down 2964 hands; the position of the top 20 short orders was 424949 hands, up 12140 hands; the total position of active contracts was 241444 hands, down 1284 hands; the number of warehouse receipts was 116 hands [2] Spot Market - The spot price of styrene was 7080 yuan/ton; the FOB South Korea intermediate price was 1280 US dollars/ton, down 5 US dollars; the CFR China intermediate price was 900 US dollars/ton, down 5 US dollars; the mainstream price in Northeast China was 6925 yuan/ton, unchanged; in South China was 7265 yuan/ton, down 5 yuan; in North China was 7050 yuan/ton, unchanged; in East China was 7185 yuan/ton, up 15 yuan [2] Upstream Situation - The CFR Northeast Asia intermediate price of ethylene was 731 US dollars/ton, unchanged; the CFR Southeast Asia intermediate price was 711 US dollars/ton, unchanged; the CIF Northwest Europe intermediate price was 746 US dollars/ton, up 0.5 US dollars; the FD US Gulf price was 408 US dollars/ton, up 8.5 US dollars; the spot price of pure benzene in Taiwan's CIF was 682.6 US dollars/ton, unchanged; the FOB price in the US Gulf was - 13 cents/gallon; the FOB price in Rotterdam was 776 US dollars/ton; the market price in South China was 5400 yuan/ton, unchanged; in East China was 5455 yuan/ton, up 50 yuan; in North China was 5300 yuan/ton, unchanged [2] Industry Situation - The overall styrene plant operating rate was 70.92%, up 0.69%; the national styrene inventory was 162340 tons, down 9420 tons; the total inventory in East China's main ports was 10.06 tons, down 3.17 tons [2] Downstream Situation - The operating rate of EPS was 46.72%, up 3.08%; ABS was 69.8%, down 0.1%; PS was 58.9%, down 1.5%; UPR was 39%, up 3%; and butadiene - styrene rubber was 81.68%, up 1.16% [2] Industry News - From January 2nd to 8th, China's styrene plant output was 35.57 tons, up 0.99% month - on - month; the plant capacity utilization rate was 70.92%, up 0.69% month - on - month; the consumption of downstream EPS, PS, and ABS increased by 0.31% to 25.97 tons; as of January 8th, the styrene plant inventory was 16.23 tons, down 5.48% from last week; as of January 12th, the East China port inventory was 10.06 tons, down 23.96% from last week; the South China port inventory was 1.9 tons, down 7.77% from last week; as of January 13th, the non - integrated profit of styrene was 375.48 yuan/ton, and the integrated profit was 754.45 yuan/ton [2]