Group 1: Styrene Market Overview - The styrene market in East China experienced slight fluctuations, closing at 7530-7560 CNY/ton, with July contracts at 7500-7550 CNY/ton, August contracts at 7380-7420 CNY/ton, and September contracts at 7300-7330 CNY/ton [1] - The pure benzene market saw a decline followed by a low-level rebound, with Jiangsu port spot negotiations closing at 5810/5820 CNY/ton, July contracts at 5860/5865 CNY/ton, August contracts at 5900/5910 CNY/ton, and September contracts at 5915/5925 CNY/ton [2] Group 2: Supply and Inventory Analysis - As of June 26, pure benzene capacity utilization was at 78.01%, with a weekly production of 432,600 tons. The inventory of pure benzene at Jiangsu ports was 177,000 tons, an increase of 6,000 tons from the previous period, and a year-on-year increase of 743% from 21,000 tons [3] - Styrene production was reported at 366,800 tons with a capacity utilization of 80.08%. The inventory of styrene at Jiangsu ports was 98,800 tons, an increase of 13,800 tons, while the main inventory in South China was 15,000 tons, a decrease of 3,000 tons [3] Group 3: Market Outlook - The pure benzene market is expected to continue its low-level rebound due to supply recovery and new installations, although the processing margin for benzene to styrene has widened to 1400 CNY/ton [4] - The styrene market is stabilizing, with strong basis prices as the end of the month approaches, but high-priced purchases from downstream are limited. The mid-term outlook suggests that tariffs and national subsidies may not significantly drive terminal demand, and the high profits in styrene production may lead to continued supply pressure [4]

【苯乙烯现货】 华东市场苯乙烯市场走势回落，至收盘现货7760-7820，6月下7760-7820（07合约+310~330），7月下 7590-7640（07合约+130~135），8月下7510-7550（08合约+140），单位：元/吨。 苯乙烯供应：截至6月12日，苯乙烯工厂整体产量在33.81万吨，较上期增0.7万吨，环比+2.11%；工厂 产能利用率73.81%，环比+1.52%。 【纯苯现货】 纯苯市场价格继续高位下跌，截至收盘江苏港口6月下商谈6250/6260元/吨，7月下商谈6290/6300元/ 吨，8月下商谈6285/6300元/吨。。 【苯乙烯链供需、库存】 纯苯供应：截至6月12日，纯苯产能利用率在79.4%，环比+2.25个百分点；周产量43.78万吨。 纯苯库存：截至6月16日，江苏纯苯港口样本库存15.3万吨，较上期库存14.9万吨累库0.4万吨，环比增 加2.68%；较去年同期库存1.85万吨上升11.15万吨，同比上升707.03%。 纯苯市场价格继续高位下跌。隔夜原油高开低走，日内原油及石脑油震荡，纯苯市场主要围绕中东局 势、原油价格走势交易，市场低买高卖快速交易为主。 ...